We expect a 36 pip movement on USDJPY within 4 hours following the event release.

Based on the last 12 NAB Business Confidence events in Australia, we expect a 36 pip movement on USDJPY within 4 hours following the event release at 08 Oct 00:30 UTC. We expect USDJPY to trend upwards 4 hours following the event release at 08 Oct 00:30 UTC if the released value is < 2 Historical events that allowed us to draw this conclusion

14 May 01:30

01 Apr 00:30

12 Mar 00:30

13 Nov 00:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).