The U.S. dollar continues to face challenges, leading to a strengthening of several risk assets, including the Japanese yen.

Yesterday, during the American session, the dollar resumed its decline following statements from U.S. administration officials indicating that President Donald Trump would soon sign a directive raising global tariffs to 15%. This move, aimed at protecting domestic producers and reducing the trade balance deficit, has created a new wave of concerns among investors regarding the consequences of the trade war for the global economy. Many note that the new protectionist measures could provoke retaliatory actions from U.S. trading partners, potentially leading to further slowdowns in global trade.

As for today, the first half is expected to feature a speech from European Central Bank President Christine Lagarde, which will undoubtedly be one of the key events for financial markets. Traders will closely monitor her comments regarding the new U.S. tariffs and their potential impact on the European economy. Lagarde is expected to present an assessment of the risks associated with escalating trade conflicts and possible measures that the ECB could take to mitigate negative consequences. In addition to the trade and economic agenda, particular attention will be paid to rumors that Lagarde may step down as ECB president before her term ends.

Regarding the British pound, expectations in the financial markets today will focus on the speech of Bank of England Deputy Governor for Monetary Policy Clare Lombardelli. Her speech may have a significant impact on the further dynamics of the GBP/USD pair. Investors will analyze every word from Lombardelli in search of signals regarding the future direction of the Bank's monetary policy, especially in the context of current global economic uncertainty and new tariffs from the U.S. Comments from Lombardelli regarding inflation trends and the growth prospects of the British economy will be particularly important for the GBP/USD pair. Any hints of a possible easing of the BoE's monetary policy will be perceived by the market as strong drivers for a weaker pound.

If the data aligns with economists' expectations, it is better to act using the Mean Reversion strategy. If the figures vary significantly from expectations, the Momentum strategy would be the best approach.

Momentum Strategy (Breakout):

For the EUR/USD Pair:

• Buy on a breakout of the level 1.1830, which may lead to the euro rising to the range of 1.1850 and 1.1867;
• Sell on a breakout of the level 1.1807, which may lead to a decline in the euro to the range of 1.1788 and 1.1767;

For the GBP/USD Pair:

• Buy on a breakout of the level 1.3570, which may lead to the pound rising to the range of 1.3600 and 1.3625;
• Sell on a breakout of the level 1.3549, which may lead to a decline in the pound to the range of 1.3520 and 1.3492;

For the USD/JPY Pair:

• Buy on a breakout of the level 156.07, which may lead to the dollar rising to the range of 156.43 and 156.73;
• Sell on a breakout of the level 155.80, which may lead to dollar sell-offs in the range of 155.60 and 155.32;

Mean Reversion Strategy (Reversal):

For the EUR/USD Pair:

• Look for short positions after a failed breakout beyond 1.1835 on a return below this level;
• Look for long positions after a failed breakout beyond 1.1802 on a return to this level;

For the GBP/USD Pair:

• Look for shorts after a failed breakout beyond 1.3578 on a return below this level;
• Look for longs after a failed breakout beyond 1.3543 on a return to this level;

For the AUD/USD Pair:

• Look for shorts after a failed breakout beyond 0.7139 on a return below this level;
• Look for longs after a failed breakout beyond 0.7114 on a return to this level;

For the USD/CAD Pair:

• Look for shorts after a failed breakout beyond 1.3683 on a return below this level;
• Look for longs after a failed breakout beyond 1.3656 on a return to this level;