A mixed background is being formed today

11.05.2021

Today, a mixed background is being formed. On the one hand, we can expect a decline in quotations against the background of a surplus of dollar liquidity in the financial system. Bankers still have a substantial surplus of dollars and during such periods it is difficult to count on the growth of the American currency.

On the other hand, I expect a continuation of the uptrend in the American stock market, which has renewed its historical maximum the day before, which in turn may support the USDJPY currency pair, inasmuch as it is historically correlated with the S&P500 index.

Investment idea: flat 108.35 – 109.35.