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We expect a $0 movement on 6C within 4 hours following the event release at 23 Dec 23:30.

Based on the last 12 Inflation Rate YoY events in Japan, we expect a $0 movement on 6C within 4 hours following the event release at 23 Dec 23:30. We expect 6C to trend downwards 4 hours following the event release at 23 Dec 23:30 if the released value is < 0.4% Historical events that allowed us to draw this conclusion

23 Sep 23:30
19 Aug 23:30
20 May 23:30
21 Jan 23:30
17 Dec 23:30

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

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