Based on the last 12 Housing Starts events in United States, we expect a $127.12 movement on USDJPY within 2 hours following the event release at 18 Jan 00:30. We expect USDJPY to trend downwards 2 hours following the event release at 18 Jan 00:30 if the released value is < 1.375M Historical events that allowed us to draw this conclusion

20 Nov 00:30	17 Oct 23:30
16 Aug 22:30	17 Jul 22:30
19 Apr 22:30