Based on the last 12 NAB Business Confidence events in Australia, we expect USDJPY to trend upwards. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend upwards for 2 hours because the released value is < -2. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion

11 Feb 11:30	28 Jan 11:30
14 May 11:30	01 Apr 11:30
12 Mar 11:30

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