Based on the last 12 NAB Business Confidence events in Australia, USDJPY could experience an downwards trend. Based on these past events there is a 83.33% chance of this, and the trend could last 2 hours because the released value is < 3. 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”).
