Based on the last 12 Inflation Rate YoY events in Japan, we expect a $0.15 movement on NG within 12 hours following the event release at 21 Jan 23:30. We expect NG to trend downwards 12 hours following the event release at 21 Jan 23:30 if the released value is > -1%
Historical events that allowed us to draw this conclusion
17 Sep 23:30 |
20 Aug 23:30 |
23 Jan 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
