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We expect a $10.463 movement on DX within 12 hours following the event release at 14 Nov 23:50.

Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect a $10.463 movement on DX within 12 hours following the event release at 14 Nov 23:50. We expect DX to trend downwards 12 hours following the event release at 14 Nov 23:50 if the released value is > -0.2%

Historical events that allowed us to draw this conclusion

14 Feb 23:50
17 May 23:50
08 Aug 23:50
19 May 23:50

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

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