The US stock market is one step away from historical maximum and a new record could be set any day, which is positive for this currency pair, inasmuch as assets have been well correlated over the past twenty years, since the Bank of Japan began pursuing ultra-soft monetary policy.

American corporations pleased investors with positive quarterly reports, which pushes up securities quotes. Insofar as the Fed does not plan to cut stimulus measures at least until mid-November, this factor provides additional support to the stock market.

Trading recommendation: buy 114.35/114.05 and take profit 115.00.