Important events today:

USA: Bank holiday.

Today, a mixed background is being formed. On the one hand, we can expect quotes to rise against the background of positive dynamics of the debt market, where there is an increase in the yield spread of US and Japanese government bonds. The yield of US securities is growing on expectations of a rate hike by the Fed. Last week, the Fed raised the rate by 0.75% and is expected to increase by a similar amount in July.

The Bank of Japan strongly rejects calls for higher rates and is ready to maintain a soft monetary policy for a long time. On the other hand, the growth of interest rates in the US is negative for the stock markets, and this power pair historically correlates with the SP500 index, and if the stock market falls, the USDJPY sell-off cannot be ruled out.

Recommendations: Flat 134.45 -135.50.