A decrease in quotes in this currency pair should be used to open Buy positions with the expectations of the continuation of the upward trend. The spread in the yield on ten-year and two-year US government bonds renewed its three-year maximum, which signals the expectation of faster economic growth in the United States.

Let me remind you that the International Monetary Fund expects the growth of US GDP this year by 5.1%, and investment banks now assume the possibility of economic growth up to 5.5%. Against this background, we should expect the growth of the American stock market and sales of the Japanese yen as a protective “asset”.

Investment idea: Buy 105.70/105.50 and take profit 106.10.