Important events today:

13:30 UTC – US: the number of new fundamentals laid for October.

This currency pair is consolidating in the range of 150.00 -151.90 this week, and I expect the quotes to rise to the upper boundary area as the Japanese Central Bank rejects calls for monetary policy changes, which is negative for the Japanese Yen exchange rate.

Inflation in the Land of the Rising Sun shows stable growth, which in theory should contribute to the growth of interest rates of the Central Bank, but in practice the Japanese monetary regulator does not want to change its policy and keeps interest rates in the negative area, which disappoints traders. The real interest rate in the US is now +2.3% and in Japan -3.1%. The interest rate differential will have a favourable impact on the value of the dollar.

Recommendations: Buy 150.41/150.00 and TP 151.93.