There was a multidirectional trend in the Forex market yesterday. By the end of the day the pair EUR/USD had increased amid the Germany and the US negative bond yields increase.
By the end of the day the pair GBP/USD had increased. Traders continue to buy the British pound amid the Conservative victory in the parliamentary elections. It should also be noted that the debt market dynamics does not support bulls - the UK 10-year bond yields are declining relative to their US and Germany counterparts and in this regard, after the next resistance level testing we expect profit-taking on the long positions that may cause a rebound.
By the end of the day the pair USD/JPY had decreased. Earlier the pair grew amid the carry trade transactions increase through the Japanese yen as a funding currency. The day before we had observed a modest correction after the Friday's quotations strong rise and taking into account the fact that the Nasdaq showed its smallest decline - we may expect demand for the risky assets.