Yesterday after the approval of President Trump's tax reform, the dollar weakened its positions, as investors began to calculate how much this could eventually increase the national debt and what will eventually lead a radical change of the tax reform for the first time in 30 years. After this approval only the signature of the White House by Donald Trump is required for the bill to come into effect. Against the background of these expectations, stocks were near historic highs.
Today after the Bank of Japan's decision to maintain the current interest rates and the continuation of the current monetary policy, with USD/JPY began an upward movement.
Today also brings us plenty of macroeconomic indicators in Canada, where it is expected that the base index of retail sales will be 0.1% higher than the previous one. In addition, we expect labor market data which would show the number of people employed in the non-agricultural sector which last time amounted to -5.7K.
