Important events today:

15:00 UTC – USA: Speech by Jerome Powell, Chairman of the Federal Reserve Board

First of all, the price of the pair will be affected by the speech of the head of the US Federal Reserve, which may lead to the strengthening of the American currency, as the message about the next stage of the completion of the soft monetary policy is expected. Since the Central Bank of Japan is not going to cut stimulus in the coming years, a tough rally in USDJPY is expected.

The pair will be strongly influenced by the stock market correlated with it, where everything is not as simple as it might seem. Powell’s talk can stimulate selling in the stock market. There is still a lot of liquidity in the banking system, and we see that banks and hedge funds are ready to buy back drawdowns.

Conclusions: Purchases 115.10 / 114.88 with TP 115.72.