We expect a $417.22 movement on USDJPY within 12 hours following the release of Inflation Rate YoY at 13 Jul 22:30. We expect USDJPY to trend downwards 12 hours following the event release at 13 Jul 22:30 if the released value is > 4.9%. A price movement of 46 pips is expected.

Historical events that allowed us to draw this conclusion

10 Jun 22:30	13 Apr 22:30
14 Jan 00:30	11 Dec 00:30
11 Sep 22:30	12 Aug 22:30

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