Important events today:

08:00 UTC – EU: PMI Composite Index.

08:30 UTC – GB: Composite PMI.

The Japanese Central Bank is still keeping calm, so speculators will try to drive quotes to a new high for the current year. The market is now fully discussing the hypothesis that the Japanese Central Bank will come out with interventions at the psychological mark of 150. If it really turns out to be true, then in the coming weeks we may see a good uptrend from current levels, as investment funds will definitely attack the Japanese yen, as it was last fall.

The dynamics of the debt market also leaves traders no choice but to open Buy positions in this currency pair, as the yields of U.S. long-term government bonds are moving briskly upward, increasing the attractiveness of investing in U.S. assets against the background of Japanese assets with meager yields.

Recommendations: Buy 146.55/146.20 and TP 147.36.