Based on past Japan GDP Growth Rate QoQ Prel news events there is a 80% chance of AUDUSD trending downwards. We expect this to happen because the released value is > -1.2%. A price movement of 103 pips is expected.

Historical events that allowed us to draw this conclusion

09 Aug 09:50	20 May 09:50
10 Aug 09:50	14 Aug 09:50

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