In the current trading session, investors are focused on the performance of the US dollar index, which is holding position at 103.50. The February data from the US labor market shows that employment growth exceeded forecasts, but the unemployment rates rose from 3.54 to 3.6 percent. Despite this, market participants believe that the regulator will raise their interest rate by 50 basis points at the next meeting in order to prevent further inflation growth. Additional support for the dollar may be provided by the problems in the US banking system after Silver Gate and Silicon Valley bankruptcies. This could lead to a rapid outflow of deposits from other banks, increasing demand for the cash dollar.

Moving on to the Japanese yen, the USD is currently quoted around 140 and 4.50. Investors are focusing on the results of the Bank of Japan meeting where they have lost one of its outgoing chairman. The interest rate was expected to remain at the main Sabu 0.1 percent. The statement noted that the Japanese economy, despite the negative impact of high and community invasion, is recovering, and financial conditions remained favorable. The agency intends to maintain the current rules monetary policy until price growth is stable in line with the target level of 2 percent. Additional pressure on the yen came from big data on GDP. In particular, the Japanese economy grew by only 0.1 percent over the year against the forecast of 0.8 percent. Given the above, the growth of the USD Japanese Yen player may continue.

Lastly, Brent oil is testing the resistance of $80 per barrel. The current recovery is associated with the release of the February data from the labor market, which surpassed analyst expectations for the recovery of the Chinese economy and the growth of oil consumption in China. Additionally, the Russian authorities will reduce the production of lead quality in March by 500,000 barrels per day. In this case, the volume of supply in the markets may decrease and prices may receive additional support.