Based on past Australia NAB Business Confidence news events there is a 80% chance of USDJPY trending downwards. We expect this to happen if the released value is > 3. A price movement of 34 pips is expected.
Historical events that allowed us to draw this conclusion
11 Jun 01:30 |
29 Jan 00:30 |
09 Oct 00:30 |
14 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
