A mixed background is being formed today. On the one hand, we can expect a decline in quotations to the 109.20 area against the background of excess of dollar liquidity in the financial system, which has a negative influence on the value of the American currency.

On the other hand, I expect continuation of the upward trend in the Japanese and American stock markets, which may encourage bulls to open Buy positions. Investors expect further stimulus from the monetary authorities of the United States and Japan, which leaves them no choice but to increase equities in their investment portfolios.

Trading recommendation: flat 109.20 – 110.20.