I expect the growth of the US and Japanese stock indices, which will have a favorable influence on the quotes of this currency pair. The #SP500 and #NIKKEI indices are trading at attractive levels, and taking into account the fact that US money market funds now have more than $4.5 trillion in cash, some of these funds can be invested in stocks.

This week, the US Treasury will not withdraw liquidity from the financial system through auctions for the placement of Treasury bonds, which will have a beneficial influence on the capitalization of the stock market.

Trading recommendation: buy 110.85/110.60 and take profit 111.35.