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USD/JPY Breaks Symmetrical Triangle, at Fresh Yearly Lows on Trade Concerns

From dailyfx.com

The US Dollar (via DXY Index) has undergone another bout of volatility thanks to the announcement of the Trump trade tariff against China. With the $50 billion tariff announcement yesterday, coupled with the response by the Chinese government to levy its own retaliatory tariff on $3 billion of US goods, it seems that our concerns of a budding trade war are well-founded. The opening salvo in a potential globe trade war has yielded little positivity for global markets. Equities in the US were smashed lower yesterday, with Asian markets not far behind: the Japanese Nikkei 225, for example, has broken its uptrend from ... (full story)

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