We expect USDJPY to trend upwards for the next 12 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 66.67% chance of this. We expect this to happen because the released value is > 105. A price movement of 29 pips is expected.

Historical events that allowed us to draw this conclusion

14 Apr 10:30	10 Mar 10:30
10 Feb 10:30	09 Sep 10:30

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