Today after long days off at stock exchanges of the USA and Great Britain dollar bears have gained revenge. After week growth from a level 1,36 on euro rte dollar during the first day time trading session this week has halved.

First of all dollar falling was provoked by players on the dollar/yen pair. Traders started to buy yen after expectations of increase of rates of the Central Bank of Japan at meeting of Governing Council, which should take place in July, August of this year, amplified.

Positive data on Japanese economy gave an occasion for strengthening of these expectations.

According to data of official statistics the unemployment rate in Japan fell from the lowest level for last nine years, and household expenses reached record levels. Data on retail sales which showed decrease in indicators of sales the seventh month in a row, have a little smoothed a positive picture on economy of Japan. However it has not affected the general positive mood of the market concerning yen.

The rate of unemployment in Japan in April dipped to 3.8 percents from 4.0 percents the last month, this is the lowest value since March 1998.

The dollar was under pressure in the beginning of the European session on the eurodollar pair after an issue of positive data on the European Union on investment inflow to Europe.

The current account of Eurozone in March grew owing to proficiency of trade with goods and decrease in deficit of payment transfers.

According to data of the European central bank proficiency of current account of Eurozone made 5,4 billion euro in March from -3,7 billion in February.

The combination of portfolio and direct investments was in proficiency, ECB informed. Outflow of direct investments dropped to 8,1 billion euro in March from 29,6 billion in February while inflow of net portfolio investments was up 71,7 billion euro from 26,2 billion euro the last month. The trade balance with goods of Eurozone with other countries of the world made +7,2 billion euro against 3,7 billion euro.

As a whole market moods concerning the dollar and the euro are balanced, quotations continue to be within the limits of a sideways. Therefore while we remain outside the market.