- U.S.-China Trade War intensifies
- USD/JPY broke support level
Price Movement
Since yesterday, USD/JPY had moved down by around 100pips.
Trend
USD/JPY is currently trending downwards.
Important Issue
This morning at around 0033 (SGT), Trump mentioned in an interview that “We're not talking about removing tariffs, we're talking about leaving them for a substantial period of time, because we have to make sure that if we do the deal with China that China lives by the deal”.
Technical
This morning, USD/JPY broke the support level of 111.028.
Price Levels
Current Price: 110.623
Next Resistance: 111.028
Next Support: 109.744