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Sep 11 - 09:48 PM
USD/JPY - Trump Moves China Tariffs To Oct 15,108.15-17 Next
First appeared on eFXplus on Sep 11 - 07:35 PM
  • USD/JPY continues slow but steady rally as UST yields rise to 5-week high
  • Boosted by US-China trade optimism; China exempts some US goods from tariffs
  • Increased tariffs on USD 250 bln worth China goods moved from Oct 1 to 15:US
  • Safe haven trades unwound on fading fears of US recession weakening JPY
  • Aggressive Fed easing hopes fade, BOJ easing hopes on increase nL3N2612HY
  • Japan manufacturers' mood sinks to 6-1/2-year low - RTRS Tankan nL3N25U1MM
  • Resistance 108.00, 108.15-17; support 107.45-50, 107.20, 106.95-107.00

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