Analysis of the past day

On Monday, January 22, trades in the foreign exchange market was very restrained, which is due to the lack of significant news. But, despite this, trades in the Asian session began actively against the backdrop of rising profitability of the US state bonds. Closer to the European and American session, optimism for the American went down dut to the lack of news.

Stock indices also picked up positive dynamics from the growth of state bonds and the strengthening of commodity assets (Nikkei 225 +0.03, DAX +0.10, FTSE 100 -0.20, Dow 30 +0.10). The main driver of currency trades in a relatively non-news day was the correction of positions on the Japanese yen before tomorrow’s publication of the Bank of Japan’s protocol. As a result, the Japanese yen appreciably weakened against most of the major competitors.

The US dollar index and the market as a whole are limited by the existing lateral trend, which is likely to continue in the coming days. Since there is no clear reason for the American exit from the channel, and the main competitor, the euro also remains in flat, due to overbought and risk-keeping in the euro area.

Graph of the US dollar index. Current price – 90.20

Hanzenko Anton