Based on past Australia Balance of Trade news events there is a 66.67% chance of USDJPY trending downwards. We expect this to happen if the released value is < A$7.4B. A price movement of 8 pips is expected. Historical events that allowed us to draw this conclusion
06 Jun 01:30 |
06 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
