The yen is bid as US-China trade war concerns weigh over risk sentiment – S&P 500 futures are down 0.5 percent. AUD/JPY is reporting a 0.74 percent drop. Currently, AUD/JPY is trading at 81.32, having clocked a high and low of 81.86 and 81.25, respectively. The currency pair is down 0.74 percent on the day, possibly due to fears the US and China are heading for a full-blown trade war and the resulting drop in the risk assets. Earlier today, Wall Street Journal reported that President Trump is planning to restrict many Chinese companies from investing in US technology companies. Further, plans are being drawn to block exports of “industrially significant technology” to China. If these measures are announced, then the trade war could escalate as experts say China has the arsenal for a long drawn out trade war. Thus, S&P 500 futures are reporting a 0.5 percent drop in Asia and the anti-risk JPY is on the offensive. AUD/JPY Technical Levels Resistance: 81.93 (Friday’s high), 82.11 (10-day MA), 82.66 (50-day MA). Support: 81.00 (psychological support), 80.63 (recent low), 80.50 (March 23 low). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Turkey’s Erdogan pulls out a surprise win in presidential election – Commerzbank FX Street 3 years The yen is bid as US-China trade war concerns weigh over risk sentiment - S&P 500 futures are down 0.5 percent. AUD/JPY is reporting a 0.74 percent drop. Currently, AUD/JPY is trading at 81.32, having clocked a high and low of 81.86 and 81.25, respectively. The currency pair is down 0.74 percent on the day, possibly due to fears the US and China are heading for a full-blown trade war and the resulting drop in the risk assets. Earlier today, Wall Street Journal reported that President Trump is planning to restrict many Chinese companies from investing in US technology companies.… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
