We expect a $370 movement on USDJPY within the next 4 hours. We expect USDJPY to trend upwards 4 hours following the NAB Business Confidence events in Australia release because the released value is < 8. A price movement of 49 pips is expected. Historical events that allowed us to draw this conclusion

12 Jul 11:30	14 Jun 11:30
10 May 11:30	14 Dec 11:30

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