We expect a 45 pip movement on USDJPY within 12 hours following the event release.

Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 45 pip movement on USDJPY within 12 hours following the event release at 15 Jul 00:30 GMT. We expect USDJPY to trend downwards 12 hours following the event release at 15 Jul 00:30 GMT if the released value is > 96

Historical events that allowed us to draw this conclusion

10 Jun 00:30
13 May 00:30
12 Nov 23:30
14 Aug 00:30

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

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