The tone of the last speech of Janet Yellen as a whole remains optimistic, however, she did not fail to note that the report on the labor market in the US on Friday has raised new questions about the country's economic prospects.Strategists of BNP Paribas doubt that after unemployment report on Friday will be a recent increase in US interest rates by FOMC in June or in July. Short-term US interest rates may continue to decline if the following data are weak.
That leaves the dollar vulnerable and at the same time demand for USD/JPY will likely be supported by the taking of new stimulus measures in Japan, EUR/USD is on its way to return to 1.16 dollars. The next important statistics for the US is next Tuesday when there will be published the figures for retail sales in May.
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