Based on the last 12 Inflation Rate YoY events in Japan, we expect a 79 pip movement on EURUSD within 12 hours following the event release at 23 Oct 10:30 GMT+11. We expect EURUSD to trend downwards 12 hours following the event release at 23 Oct 10:30 GMT+11 if the released value is > 0.1%

Historical events that allowed us to draw this conclusion

18 Sep 09:30	21 Aug 09:30
24 Jan 10:30	20 Dec 10:30

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