Important events today:

14:30 UTC – USA: Change in oil reserves.

The World Bank on the eve published a fresh forecast for GDP dynamics for 2022-2024. We are primarily interested in this year, because it is difficult to predict what will happen next against the background of the constantly changing geopolitical situation in the world. For the United States, the forecast was worsened from 3.8% to 2.6%, and for Japan, the forecast was also revised from 2.9% to 1.7%. In general, the difference has not changed – the spread between the indicators is still 0.9%.

Against this background, the course of trading in this currency pair will continue to be determined by the dynamics of the debt market, where optimism reigns in relation to American assets – the yield spread of short-term government bonds of the United States and Japan updates multi-year highs, which signals a continuation of the uptrend in this currency pair.

Recommendations: Buy 132.57/132.23 with TP 133.05.