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 71.43% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 20 Jan 00:30 if the released value is < 1.65M. A price movement of 23 pips is expected. Historical events that allowed us to draw this conclusion

18 Aug 22:30	16 Jun 22:30
18 May 22:30	17 Mar 23:30
19 Feb 00:30

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