We expect USDJPY to trend upwards for the next 2 hours. Based on these past Australia RBA Interest Rate Decision news events there is a 85.71% chance of this. We expect this to happen because the released value is = 4.35%. A price movement of 22 pips is expected.
Historical events that allowed us to draw this conclusion
03 Oct 03:30 |
05 Sep 04:30 |
07 Mar 03:30 |
07 Feb 03:30 |
01 Nov 03:30 |
06 Sep 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
