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We could see a 262 pip movement on C within 2 hours following this event release.

Based on the last 12 Inflation Rate YoY events in Japan, we may see a 262 pip movement on C within 2 hours following the event release at 19 May 23:30 UTC. C may trend downwards 2 hours following the event release at 19 May 23:30 UTC if the released value is < 1.5% Historical events that allowed us to draw this conclusion

17 Feb 23:30
23 Sep 23:30
20 May 23:30

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

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