Based on past Australia NAB Business Confidence news events there is a 71.43% chance of USDJPY trending downwards. We expect this to happen because the released value is < 6. A price movement of 20 pips is expected. Historical events that allowed us to draw this conclusion
10 Dec 00:30 |
08 Oct 00:30 |
10 Sep 01:30 |
13 Aug 01:30 |
13 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
