USD/JPY has been on the bid in Tokyo, however, bulls have been capped and the price has flipped over in suit with the general risk-off theme. President Donald Trump called for the EU and China to remove trade barriers and tariffs, or face the consequences. Currently, USD/JPY trades at 109.58 from a high of 109.75 and a low of 109.50. Global trade tensions remain in focus, watching the greenback – TDS USD/JPY fell from 110.03 overnight and a test of the 100-hr SMA at 110 the figure. Stocks were falling off a cliff and the VIX was at its highest since April which leaves the upside exposed to fading. The US 10yr treasury yields were in a lower range of 2.86% and 2.90%, while the 2yr yields ranged between 2.52% and 2.55%. Fed fund futures yields continued to price 1 ½ more hikes in 2018. Wall Street ends day with heavy losses as Navarro’s comments fail to trigger a late recovery USD/JPY levels Valeria Bednarik, chief analyst at FXStreet explained that the 4 hours chart shows that the pair finally moved away from its 100 and 200 SMA: “it bottomed at a Fibonacci support, although a more relevant one comes at 109.20, June 8th daily low.” In the mentioned chart, she adds that the Momentum is advancing within negative territory, far below its daily high, while the RSI indicator turned back south, currently around 37, arguing that this is skewing the risk toward the downside. 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 Trump officials send mixed signals on China – Reuters FX Street 5 years USD/JPY has been on the bid in Tokyo, however, bulls have been capped and the price has flipped over in suit with the general risk-off theme. President Donald Trump called for the EU and China to remove trade barriers and tariffs, or face the consequences. Currently, USD/JPY trades at 109.58 from a high of 109.75 and a low of 109.50. Global trade tensions remain in focus, watching the greenback - TDS USD/JPY fell from 110.03 overnight and a test of the 100-hr SMA at 110 the figure. Stocks were falling off a cliff and the VIX was at its… 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.