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We expect a $0.86 movement on HG within 48 hours following the event release at 20 Jan 23:30.

Based on the last 12 Inflation Rate YoY events in Japan, we expect a $0.86 movement on HG within 48 hours following the event release at 20 Jan 23:30. We expect HG to trend upwards 48 hours following the event release at 20 Jan 23:30 if the released value is < 0.7% Historical events that allowed us to draw this conclusion

23 Sep 23:30
19 Aug 23:30
20 May 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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