USD/JPY jumped more than 20 pips to a hit a session high of 108.13. The bid tone around the JPY weakened, possibly due to President Trump’s positive comments on trade. The demand for the anti-risk Japanese Yen (JPY) weakened on the US President Trump’s positive trade-related talks, allowing USD/JPY to jump by more than 20 pips The currency pair picked up a bid at 107.89 at 00:50 GMT and clocked a session high of 108.13 by 01:00 GMT. As of writing, the pair is trading at 108.04. President Trump, while speaking at a campaign rally in Minneapolis, said that trade talks with China are going well and that a deal could be reached. Risk-on favors further gains The futures on the S&P 500 are currently reporting 0.15% gains. The index gained 0.64% on Thursday, as trade talks resumed, contradicting reports released in the Asian trading hours, which said Chinese officials could cut short their visit. Asian equities are flashing green at press time. Japan’s Nikkei is currently adding 0.87% and Hong Kong’s Hang Seng is up 1.26%. USD/JPY could continue to gain altitude, unless trade talks end on a sour note, torpedoing the risk recovery. President Trump will be meeting Chinese Vice Premier Liu later today. Technical levels 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 Forex News Today: Daily Trading News share Read Next Ethereum technical analysis: ETH/USD trends in a downward channel formation FX Street 4 years USD/JPY jumped more than 20 pips to a hit a session high of 108.13. The bid tone around the JPY weakened, possibly due to President Trump's positive comments on trade. The demand for the anti-risk Japanese Yen (JPY) weakened on the US President Trump's positive trade-related talks, allowing USD/JPY to jump by more than 20 pips The currency pair picked up a bid at 107.89 at 00:50 GMT and clocked a session high of 108.13 by 01:00 GMT. As of writing, the pair is trading at 108.04. President Trump, while speaking at a campaign rally in… Regulated 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.
