Important events today:

15:00 UTC – US: inflation expectations from the University of Michigan.

The University of Michigan will today present data on inflation expectations in the US economy. Given the good growth in wages, we may see an increase in the inflation expectations indicator, which will increase speculation about the need for the US Federal Reserve to keep interest rates high for an extended period of time.

It is unlikely that the Fed will decide to raise rates again at its next meetings, but it will have to keep rates at the current level much longer than traders would like. This is a positive signal for the dollar, as the Japanese Central Bank rejects any calls to raise interest rates and continues to print money, which devalues the yen.

Recommendations: Buy 151.15/150.80 and TP 151.80.