Based on the last 12 Inflation Rate YoY events in Japan, we expect a $600 movement on GBPUSD within 12 hours following the event release at 21 Feb 10:30. We expect GBPUSD to trend upwards 12 hours following the event release at 21 Feb 10:30 if the released value is = 0.7%

Historical events that allowed us to draw this conclusion

24 May 09:30

19 Apr 09:30

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