We expect USDJPY to trend downwards later today. Based on these past Australia NAB Business Confidence news events there is a 83.33% chance of this. We expect this to happen if the released value is > 6. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

10 Nov 11:30	05 Oct 11:30
08 Sep 11:30	09 Jun 11:30
12 May 11:30

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