CRAZY!!!! Trade War Worries FUEL INCREDIBLE DROP IN USDJPY according to Bloomberg News!
Stocks open lower in Asia! According to Bloomberg there is a chance NASDAQ and SP500 could be heading even lower!
Check it below! According to them Trade War worries are increasing!
What has been going on until now in the Trade War?
- China threatened to cancel export of rare earths to the US.
- Huawei is sanctioned by the US.
- Tariffs are of 25% are applied to over 250 billion USD worth of produce.
- China has released a list of undesirable American companies.
- Trump has slashed a 5% tariff in Mexican Products and threatened to go as high as 25%.
- Automakers from Europe are under threat from Mr. Trump.
U.S. Stock Futures Fall as Trade-War Escalation Fuels Worries
So, what is expected right now for the JPY?! Check Trading Central’s Opinion below (3rd Party Registered Investment Adviser)?!
Trading Central – USDJPY: Recommending a SELL DOWN TO 106.70 if below 108.15.
Short positions below 108.15 with targets at 106.70 & 105.50 in extension
Above 110.60 look for further upside with 112.05 & 113.65 as targets
Trading Central – GBPJPY: Recommending a BUY TO 137.83 if Above 136.22.
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