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Nov 19 - 02:36 PM
USD/JPY - Heavy On Trump's Tough Trade Tone, Testing Yield Support
First appeared on eFXplus on Nov 19 - 12:50 PM
  • Trump says China has to make a trade deal, tariffs up if not nW1N26M02Q

  • Comes after Bloomberg story deal depends on cuts in tariffs since May

  • USD/JPY below Monday's 108.51 low following falling Treasury yields

  • 10-yr Tsy yields probing 100-DMA & up TL off Oct-Nov lows by 1.78%

  • A break and close below would signal bigger risk-off fall in USD/JPY

  • Pair's already top-heavy, uptrend from Aug at risk below 107.99/89 props

  • Bulls need a trade deal and 109.49+ close to take control again

Chart: Click here

Chart: Click here

Chart: Click here

Refinitiv IFR Research/Market Commentary


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