We expect USDJPY to trend upwards later today. Based on these past Australia GDP Growth Rate QoQ news events there is a 75% chance of this. We expect this to happen if the released value is > 0.5%. A price movement of 29 pips is expected.
Historical events that allowed us to draw this conclusion
06 Jun 01:30 |
07 Jun 01:30 |
01 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
