Based on the last 12 NAB Business Confidence events in Australia, we expect a 49 pip movement on USDJPY within 4 hours following the event release at 2022-11-08 00:30. We expect USDJPY to trend upwards 4 hours following the event release at 2022-11-08 00:30 if the released value is < 1 Historical events that allowed us to draw this conclusion
11 Oct 00:30 |
12 Jul 01:30 |
14 Jun 01:30 |
10 May 01:30 |
14 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
