Based on the last 12 Inflation Rate YoY events in Japan, USDJPY could trend downwards later today. Based on these past events there is a 75% chance of this. If the released value is > 2.3% we could see USDJPY trend downwards 12 hours following the event release at 24 Jun 09:30.

Historical events that allowed us to draw this conclusion

22 Apr 09:30	21 Jan 10:30
24 Dec 10:30	22 Oct 10:30
20 Jul 09:30	18 Jun 09:30

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