The Fed has again sold assets from the balance sheet

Events, which should be paid attention to today:

15.30 Moscow time. USA: labor market for June.


FRS USA published a traditional weekly release to change assets on its balance sheet. The indicator for the second week in a row is reduced by $ 20 billion by selling mortgage and treasury securities. On the one hand, this is a negative signal for the stock markets, and therefore for the USDJPY pair, since the assets historically greatly correlate among themselves. On the other hand, liquidity In the banking system, a week increased by $ 33 billion due to expenses of the US Department of Finance. In total, we get a small but still positive effect on the American stock market. Do you need to buy USDJPY against this background? In a barrel of honey, there was no spoonful of tar! Ahead of the ISM employment indicators for industry and the service sector demonstrates the reduction in labor in the key sectors of the American economy, which can cause the drop in the quotations of this currency pair. Since everything is mixed here today, it is advisable To take a wait -and -see position and see what direction the market will choose.

Trade recommendation: Flat 135.25 -136.30.