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Sep 02 - 08:36 PM
USD/JPY - Under Pressure As Doubts Emerge On US-China Meeting
First appeared on eFXplus on Sep 02 - 06:25 PM
  • USD/JPY rally attempts foiled on news China, US struggle to set meeting date
  • China, US struggle to agree on schedule for planned meeting this month- BBG
  • Report says US refusal of China request to delay Sept 1 tariffs erodes trust
  • No agreement yet on basic terms of re-engagement: Click here

  • S&P E-Minis -1% to 2889 in Ldn on news b4 stabilizing; USD/CNH nears 7.2000
  • NYK holiday limits effect on USD/JPY; huge option expiries reinforce range
  • Resistance 106.40-50, support 105.83; related

Japan Yen short positions: Click here

Source:
Refinitiv IFR Research/Market Commentary

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