Based on the last 12 Inflation Rate YoY events in Japan, we expect a 575 pip movement on ES within 2 hours following the event release at 2023-11-23 23:30. We expect ES to trend upwards 2 hours following the event release at 2023-11-23 23:30 if the released value is > 3.2%
Historical events that allowed us to draw this conclusion
17 Aug 23:30 |
23 Feb 23:30 |
17 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
