Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect a 46 pip movement on USDJPY within 4 hours following the event release at 01 Dec 00:00 GMT+11. We expect USDJPY to trend upwards 4 hours following the event release at 01 Dec 00:00 GMT+11 if the released value is > -0.1%

Historical events that allowed us to draw this conclusion

30 Oct 00:00	29 Jun 22:00
29 Apr 22:00

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