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Thomson Reuters
May 23 - 08:36 PM
USD/JPY - Slumps On U.S.-China Duel, Global Growth Concerns
First appeared on eFXplus on May 23 - 07:00 PM
  • USD/JPY declines 0.65% Thursday as U.S.-China engage in verbal duel on trade
  • Increasingly aggressive tone from both sides rattles risk mood nL4N22Z35N
  • Global growth concerns back to fore, mfg PMIs in U.S., Germany, Japan drop
  • U.S. yields plummet, global stocks selloff sparking flight to safe-haven JPY
  • Japan core April CPI & government's monthly economic report for May due Fri
  • Report may downgrade assessment of economy, hold hints of Oct sales tax hike
  • Tue failure near 110.71, 50% of Apr-May drop negative; support 109.34-41

jpy: Click here

Source:
Thomson Reuters IFR Markets

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