Based on past United States Housing Starts news events there is a 80% chance of USDJPY trending downwards. We expect this to happen if the released value is > 1.41M. A price movement of 37 pips is expected.

Historical events that allowed us to draw this conclusion

20 Sep 22:30	17 Mar 23:30
20 Jan 00:30	17 Dec 00:30

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