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South China Morning Post sources have come with a piece that has sent the Yen on a hike across the board, advancing some 30  pips vs the greenback,  saying:

  • US and China make no progress on key trade issues in two days of deputy-level talks, sources say.
  • The Chinese delegation refuses to talk about forced technology transfers, a core US grievance in the negotiations, a person with knowledge of the meetings says.
  • High-level talks are expected to last for only one day, with Liu He and his team now planning to leave Washington on Thursday.

More to come…