Risk aversion during American session boosts Japanese yen across the board. US President Trump fails to boost optimism on trade speaking in NY. The USD/JPY pair printed fresh lows during the American session as equity prices moved off highs in Wall Street. The pair continued to retreat after being unable to break above 109.30 and fell below 109.00. It printed a fresh daily low at 108.91, slightly above yesterday’s low. As of writing, it is hovering around 109.00, posting modest losses for the day. The yen strengthened across the board during the American session and after US President Trump’s speech. Trump did not point toward an agreement with China and said that Europe had set up ‘terrible’ barriers for the US. Technical outlook The USD/JPY is trading lower in range, with the risk skewed to the downside in the 4-hour chart, as the price remains below a flat 20 simple moving average while technical indicators head south within negative levels according to Valeria Bednarik, Chief Analyst at FXStreet. “The downside potential seems limited, with an immediate support at 108.90, and the next one at 108.65. It will be below this last that the pair would have chances of declining further”, Bednarik added. 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 German yields set to stabilize – Danske Bank FX Street 3 years Risk aversion during American session boosts Japanese yen across the board. US President Trump fails to boost optimism on trade speaking in NY. The USD/JPY pair printed fresh lows during the American session as equity prices moved off highs in Wall Street. The pair continued to retreat after being unable to break above 109.30 and fell below 109.00. It printed a fresh daily low at 108.91, slightly above yesterday's low. As of writing, it is hovering around 109.00, posting modest losses for the day. The yen strengthened across the board during the American session and after US… 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.
