USD/JPY Discussion

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"We're planning on having China come and... there’s an imminent announcement coming, this afternoon here... with a large-scale trade deal with China that would include agriculture, as well as e-commerce and other areas," he said.

Quoting MrPresident

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possible gap up today, probably due to the Japan/U.S trade deal that was reached but I still expect rallies to be sold {image}

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Quoting MrPresident

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small gap down on market open, I think that it may be going down further later in the day 104.5 is the next support level to look at

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Quoting MrPresident

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small gap down on market open, I think that it may be going down further later in the day 104.5 is the next support level to look at

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Quoting MrPresident

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{quote} if 104.5 is broken today, i don't know what to say....

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Quoting MrPresident

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found some support around 104.5 resistance is probably 105.3/6 and 106.1

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Quoting Amir_Forex

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{image}

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Still, a spokesman for China’s foreign ministry wasn’t able to immediately confirm the details of the phone calls on Monday. Later, Hu Xijin, editor-in-chief of China’s Global Times newspaper, said in a tweet that top trade negotiators hadn’t spoken by phone in recent days and that Trump was exaggerating the significance of the trade contacts.

Quoting Amir_Forex

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{image}

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1. “Based on what I know, Chinese and US top negotiators didn’t hold phone talks in recent days,” Hu said in a tweet. “China didn’t change its position. China won’t cave to US pressure.”