Based on the last 12 Inflation Rate YoY events in Japan, we expect a $540 movement on NZDUSD within 12 hours following the event release at 2022-11-18 10:30. We expect NZDUSD to trend downwards 12 hours following the event release at 2022-11-18 10:30 if the released value is > 3.2%

Historical events that allowed us to draw this conclusion

20 Sep 09:30	19 Aug 09:30
22 Apr 09:30	18 Mar 10:30
21 Jan 10:30	24 Dec 10:30

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