Australia GDP Growth Rate QoQ News Event – a $105.96 opportunity on USDJPY

We expect a $105.96 movement on USDJPY within the next 2 hours. We expect USDJPY to trend upwards 2 hours following the GDP Growth Rate QoQ events in Australia release because the released value is > -2.7%. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

02 Jun 01:30
03 Mar 00:30
02 Dec 00:30
04 Mar 00:30