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Aug 13 - 08:36 PM
USD/JPY - Tariff Relief Rally May Falter In Asia
First appeared on eFXplus on Aug 13 - 06:35 PM
  • USD/JPY holds on to o/n gains made on news of US trade concessions to China
  • Trump backs off China tariff plan with delays for some products
  • Markets relieved as US-China officials hold trade call, plan further talks
  • JPY pummeled on news as safe haven plays unwound; USD bottom in?
  • Some cautious as USTR still imposing tariffs on TVs, smart speakers Sept 1
  • Global recessions fears, HKG protests, Argentina mkts turmoil limit USD rise
  • Resistance 107.00-20, support 106.25-40; China data, PBOC yuan fix eyed

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