Important events today:

12:15 UTC – USA: Change in US nonfarm payrolls from ADP.

15:00 UTC – USA: Crude oil reserves.

It is advisable to use the decrease in quotes to the nearest support levels to open Buy positions in the expectation of a continuation of the uptrend. Japan in April recorded a decline in industrial production by 1.3% and in May I expect weak data again against the backdrop of a reduction in orders from China, as well as an increase in production costs against the backdrop of rising energy prices.

The Bank of Japan will have to keep rates at an ultra-low level for a long time in order to generate economic growth through stimulus measures. At the same time, in the United States, the Fed will increase rates, which will further widen the rate differential between the two countries.

Recommendations: Buy 129.69/129.40 with TP 130.25.