USD/JPY is trading at 105.88 and between a range of 105.82 and 105.9 in a quiet start to the week despite political developments from over the weekend. Firstly, the US President Donald Trump signed executive orders prohibiting US residents from doing any business with TikTok, WeChat or the applications’ Chinese owners, citing the national security risk of leaving Americans’ personal data exposed. This move is seen as part of a wider strategy to distance the US from China. Relations between the two countries are at their lowest point in decades and the fall out could be supportive or the US dollar following disagreements on a number of issues like trade and human rights Another development over the weekend came with Trump’s signing of an executive order providing temporary fiscal assistance. Negotiations between the White House and Democrats have been at a deadlock for may days but these orders, which include enhanced unemployment benefits over the remainder of 2020, deferred payroll taxes, a moratorium on evictions, and postponed student loan payments and interest. could be the beginnings of a deal. This could be a positive scenario for risk appetite at the start of this week, accompanied by the positive outcome from the US nonfarm payrolls on Friday. The NFPs rose by 1.763 million in July vs 1.480mn expected and +4.79mn in June. The unemployment rate dropped to 10.2% from 11.1% in June, now some way below the record high of 14.7% in April. The week ahead For the week ahead, inflation data and Retail Sales will also be important in the week ahead. The Consumer Price Index likely rose strongly while Retail sales likely slowed after huge gains in May and June. For CPI, analysts at TD Securities explained that they expect unwinding of some of the March-May plunge in travel-related prices to outweigh slowing in rents. That said, we think the slowing in rents is more indicative of the trend in the year ahead. The YoY pace in core prices likely remained low at 1.2% in July. For Retail Sales, the analysts said that a sizable gain in autos has been signalled by the units data, while gasoline spending was probably boosted by higher volumes as well as prices. We expect more slowing in the data for bars and restaurants and the control series. USD/JPY 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 FXStreet News share Read Next Australia’s second-most populous state reports 322 new COVID-19 cases – Reuters FX Street 2 years USD/JPY is trading at 105.88 and between a range of 105.82 and 105.9 in a quiet start to the week despite political developments from over the weekend. Firstly, the US President Donald Trump signed executive orders prohibiting US residents from doing any business with TikTok, WeChat or the applications’ Chinese owners, citing the national security risk of leaving Americans’ personal data exposed. This move is seen as part of a wider strategy to distance the US from China. Relations between the two countries are at their lowest point in decades and the fall out could be supportive or the US dollar… 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.