On Monday, January 29, the US dollar is strengthening against the G10 currencies on US Treasuries posting fresh top since May 2014.
At the same time, the Japanese currency is moving downwards due to the statement by the Bank of Japan about better inflation in Japan, according to the news reports.
The inflation rate in Japan is moving to the expected 2% per annum, as commented the head of the Bank of Japan in Davos. However, Japan's bank made a statement somewhat later saying the head of the Bank of Japan did not want to revise the inflation outlook, and just outlined the current dynamics.
The trading of 10-year US Treasuries expanded in light of the Federal Reserve meeting to be held this week. However, insiders doubt that the Fed Reserve will change its monetary policy.
Moreover, the market is waiting for the first State of the Union report by US President Donald Trump slated for January 30.
The euro to US dollar dropped $1.2413 today morning ($1.2427 last week in New York).
At the same time, the euro to yen improved to 135.08 over the same period (134.96 last Friday).
The US dollar rose vs the yen to 108.85 (108.58).