Be very careful of upcoming volatility because of Japan Inflation Rate YoY news event later today. Based on the last 12 Inflation Rate YoY events in Japan, we expect a $201.115 movement on LE within 4 hours following the event release at 19 Sep 23:30. We expect this to happen if the released value is = 0.6%. A price movement of 190 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
