Events that should be paid to today:
10.00 MSK. United Kingdom: change in the volume of retailers for February.
12.00 MSK. Germany: Indicator of the Conditions of the Wednesday from IFO for March.
USDJPY:
Japanese yen chief outsider this week. The dollar demonstrates powerful growth and confidently entrenched above the psychological level 120.00. If you pay attention to the dynamics of the USDX dollar index, then the pair can continue growth, because USDX configures Movement to the mark 100, which involves the growth of quotes by 1%. Since the Bank of Japan continues monetary rabies and prints money, and Fedreve has already been cured of this disease, then we see a powerful upward trend in this currency pair. Moreover, Japan’s managing Central Bank, Mr. Kozod, this week stated that the regulator will continue the emission of Yane in a large volume, as this will help the economy to enter a stable growth trajectory. I do not know how to economics, but the Japanese stock market is accurately helps to grow – index #Nikkei this week grew by 5.5% and demonstrated the strongest growth from the G-7 countries.
Trading Recommendation: Buy 121.30 / 121.03 and Take Profit 121.88.
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