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We expect a $214.224 movement on CL within 12 hours following the event release at 17 Mar 23:30.

Based on the last 12 Inflation Rate YoY events in Japan, we expect a $214.224 movement on CL within 12 hours following the event release at 17 Mar 23:30. We expect CL to trend downwards 12 hours following the event release at 17 Mar 23:30 if the released value is < 0.7% Historical events that allowed us to draw this conclusion

17 Feb 23:30
23 Sep 23:30
19 Aug 23:30
22 Apr 23:30

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

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