USDJPY will trend upwards right now

Past performance is not an indicator of future results.
We expect USDJPY to trend upwards for the next 12 hours. Based on these past Australia NAB Business Confidence news events there is a 80% chance of this. We expect this to happen because the released value is > 3. A price movement of 24 pips is expected.

Historical events that allowed us to draw this conclusion

29 Jan 00:30

09 Oct 01:30

14 Aug 02:30

07 May 02:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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