We expect a $238.16 movement on USDJPY within 2 hours following the release of Inflation Rate YoY at 19 May 22:30. We expect USDJPY to trend downwards 2 hours following the event release at 19 May 22:30 if the released value is < 3.2%. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

17 Mar 23:30	21 Jan 00:30
16 Sep 22:30	17 Jun 22:30
20 May 22:30

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