Analysis of the past day

On Friday, January 26, the US currency moved to the correction phase after a long decline because of the Trump’s statement that Mnuchin’s words were misunderstood. As a result, the US dollar found support after the wave of sales, but keeps a downward trend.

Also today, the Japanese yen received support from the comments of the head of the Bank of Japan. As a result, the yen strengthened across the entire spectrum of the market, as an alternative currency, that is not subject to political risks.

Stock indices close Friday trades in the green zone thanks to the recovery of the US dollar (Nikkei 225 -0.25, DAX +0.20, FTSE 100 +0.55, Dow 30 +0.30).

As a result of today’s trading, the dollar index ends Friday’s trading in negative territory, but the dollar index remains in the correction phase after the decline, what may further indicate a slowdown in the downward trend of the US dollar.

Hanzenko Anton