We expect a $300 movement on USDJPY within 2 hours following the release of NAB Business Confidence at 2024-12-10 00:30. We expect USDJPY to trend upwards 2 hours following the event release at 2024-12-10 00:30 if the released value is > 4. A price movement of 45 pips is expected.
Historical events that allowed us to draw this conclusion
12 Nov 00:30 |
09 Jul 01:30 |
12 Mar 00:30 |
23 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
