Important events today:

14:45 UTC – US: manufacturing sector business activity index.

US: US Treasury Department Auctions.

Fresh inflation data in Japan allows the local Central Bank to keep interest rates in negative territory, which is negative for the Yen exchange rate. Inflation is rising slowly, it is still above the regulator’s target, but the Central Bank once again tells us that in the medium term the consumer price index will return to a steady downward trajectory, so it is necessary to maintain monetary stimulus.

Thus, the Japanese Central Bank has once again firmly stated that it does not intend to raise interest rates, while in the United States the discount rate is 5.5% and this rate will remain at 5.5% for the next few quarters as the US Fed is wary of inflation risks. I am waiting for the continuation of the uptrend in this currency pair, which will rise step by step to the area of 151.93.

Recommendations: Buy 149.30/149.02 and TP 150.10.