Important events today:

At 18:00 Moscow time in the United States: Speaking to Congress Jerome Powell – Chairman of the Board of Governors of the Federal Reserve.

USDJPY:

A rise in the US stock market will have a positive impact on the USDJPY, as this currency pair has historically been correlated with the S & P500. US investors returned to trading after a long rest and began quickly buying back the drawdown since last Friday, sparked by the hype over the new coronavirus strain. On Friday, the media trumpeted that vaccines failed to protect against Omicron, but recently a number of epidemiologists from North America and Europe announced that vaccines are quite effective. The fact that not everything is as bad as it might seem is confirmed by doctors from South Africa.

The US Treasury will auction off Treasury bonds tonight and withdraw $ 80.7 billion of dollar liquidity from the financial system. This may well lead to a short-term correction in the US stock market, but the bullish trend will continue.

Recommendation: Buy 113.00 / 112.70 with TP 113.92.