A mixed background is being formed today. On the one hand, the surplus of dollar liquidity in the financial system is growing every day, which has a negative influence on the exchange rate of the American currency. On the other hand, I’m waiting for the continuation of the uptrend in the US stock market, which may support this currency pair, inasmuch as USDJPY has been historically correlated with the S&P500 index.

Vaccination of the population in the United States is gaining momentum. At the moment, 42.5% of the adult population is vaccinated in the states, which is almost 2 times more than in the European Union and almost 3 times more than in the Middle Kingdom. Against this background, the American economy will demonstrate outstripping growth rates, which will have a positive influence on the capitalization of the stock market.

Trading recommendation: flat 108.75 – 109.50.