The state of the Asian market

Trading in Asia opened with the growth of the US currency, which was due to the continued positive sentiment about the American budget for 2018. It is mainly based on the prospects for the adoption of the Trump’s tax reform. As a result, the optimistic sentiment on the US dollar continues to persist as a general strengthening of the US dollar.

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Bidding on the Japanese yen opened a small gap, which was caused by the results of the parliamentary elections in Japan. The ruling party of Shinzo Abe won the election. Thus, the Japanese yen opened the week a small gap against the main competitors. So, it is expected closing during the day.

Hanzenko Anton