Important events today:

07:00 UTC – GB: Unemployment rate.

On Monday, the Central Bank of China began easing monetary policy, which had a positive impact on the stock markets and the USDJPY pair, as these instruments correlate with each other.

The Chinese Central Bank is in second place in the global financial system and the loosened monetary policy, albeit slightly, will give some support to the stock markets in the near future. You should not count on a significant increase in stock markets, since in two months the US Federal Reserve will raise interest rates for the first time since December 2018, but in the short term this is a positive signal for the markets.

The U.S. Treasury will provide another boost to the dollar today by placing $84 billion in Treasury bonds.

Recommendations: Buy 114.40/114.15 with TP 115.11.