Based on the last 12 NAB Business Confidence events in Australia, we may expect USDJPY to trend downwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because because the released value is > -7. A price movement of 40 pips may be experienced.
Historical events that allowed us to draw this conclusion
10 Oct 00:30 |
11 Jul 01:30 |
11 Apr 01:30 |
14 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
