The US Treasury account in the Federal Reserve has lost $138.5 billion over the past week to $673.5 billion. Let me remind you that in February US Treasury Secretary D. Yellen promised to cut the Treasury account to $500 billion by July 1. Therefore, the Ministry of Finance will be able to spend another $173.5 billion in the next two weeks.

The growth of government spending will have a positive influence on the income of American corporations, which in turn will contribute to an increase in the capitalization of the US stock market. Against this background, I expect the growth of the quotes of this currency pair, inasmuch as USDJPY is historically correlated with the S&P500 index.

Trading recommendation: Buy 109.55/109.30 and take profit 109.98.