The US dollar remains positive

The US dollar holds a strong position against the basket of currencies. The main catalyst for the growth of the US dollar is the progress in implementation of the tax reform. On Tuesday, the reform bill was approved by the Senate budget commission, which allows for voting on this bill. Also, some support for the US currency was provided by statistics on the US, which indicated a reduction in the number of applications for unemployment benefits and growth in personal income. See Market News.

Technical analysis: The pair USD/JPY keeps positions near the maximum of today’s trading. At the level of 112.47. In the event that the price will be able to gain a foothold above the level of 112.50, one should expect further growth of the pair to the level of 113.00-113.20. The main support levels are 111.70, 111.40.

Fig. USD/JPY, current price – 112.31

Alexander Sivtsov