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Oct 11 - 02:36 PM
USD/JPY - U.S.-China Trade Talks End, WH Meeting 2:45 Now Key
First appeared on eFXplus on Oct 11 - 12:40 PM
  • USD/JPY drifts away from 108.63 high as word on talks awaited

  • Chinese team leaves USTR building, 2:45 Trump-Liu meeting nL2N26W0XH

  • Above Sep. 19 high at 108.48 on optimistic Trump tweets re deal

  • Risk-on flows ebbing on U.S. military buildup in Saudi Arabia

  • Also pushback from DUP and others re possible Brexit deal nS8N25X01C

  • If Trump-Liu announce trade truce, expect Aug. 1 high, 61.8% Fibo @109.32/36

  • If trade talks less constructive than hoped, drop to 107.50 likely first

Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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