Based on the last 12 Housing Starts events in United States, we expect USDJPY to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDJPY to trend upwards 2 hours following the event release at 18 Jan 00:30 if the released value is > 1.375M. A price movement of 37 pips is expected.

Historical events that allowed us to draw this conclusion

18 Dec 00:30	18 Sep 22:30
18 Jun 22:30	16 May 22:30