On a background of positive forecasts concerning a rate of the American currency, based on last economic data in the USA the European currencies concede their positions to transatlantic vis-a-vis.

Thus, the euro/dollar rate grew from a mark 1.3450 up to 1.3474.

Let's remind that last American releases reduce considerably expectations of decrease in the basic interest rates in the USA till the end of this year. Dealers notice that in conditions of quite low activity on forex there is observed correction on yesterday's strengthening of a dollar exchange rate.

At the same time a dollar exchange rate was under the certain pressure of drop in a rate of dollar/canadian dollar, which yesterday reached minimal level of 1.0827 almost for thirty years.

As a whole, current week is not rich in significant news that assumes technical movements on the market. However the attention of the market can be turned to a situation around the Japanese yen.

Let's remind that today and tomorrow the attention of market players will be focused on a meeting of Minister of Finance of the USA and the Prime Minister of China whose statements can affect a situation around a rate of yen.

Let's notice that according to the minutes of meeting of BOJ Governing Council from April, 9-10th the decision to leave a level of the basic interest rates without change was made unanimously.

Let's remind that Governing Council members emphasized necessity of improvement of the communications of Bank of Japan with participants of the market. The Bank of Japan should acquaint market players with the estimations of economic rise and a condition of inflation as well as with their intentions to change monetary policy.

The representative of Bank of Japan Misuno assumed today that the question of the further increase of a level of the basic interest rates in Japan could be discussed not earlier than July.

As a result the dollar/yen rate dipped at the Asian session from a level 121.56 to 121.20.

Taking into account uncertainty of a situation we recommend to keep waiting position.