Sean Callow, analyst at Westpac, suggests that considerable bad news is arguably priced into USD/JPY but multi-week risks remain below 105. Key Quotes “The US and China proceeded with new tariffs on each other’s imports and wires reported that President Trump had to be talked out of doubling tariffs. But as the week progressed the risk mood improved on the Hong Kong backdown over the extradition bill and confirmation of US-China trade talks in early October, with lower level talks during September.” “This left USD/JPY near the top of the past month’s ranges, though 107.00 could yet be a bridge too far. US yields are barely higher, with US data not supportive. Most dramatic was the slump in the ISM manufacturing index to below 50 but other releases have been little better, with the Atlanta Fed GDPNow estimate for Q3 down to 1.47% saar.” “This should keep markets preparing for -25bp from the Fed on 18 Sep and a clearly dovish tone. The BoJ and MoF meanwhile have not indicated any policy change is looming.” 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 ADP Employment beats expectations, provides positive Non-Farm Payroll signal FX Street 4 years Sean Callow, analyst at Westpac, suggests that considerable bad news is arguably priced into USD/JPY but multi-week risks remain below 105. Key Quotes "The US and China proceeded with new tariffs on each other's imports and wires reported that President Trump had to be talked out of doubling tariffs. But as the week progressed the risk mood improved on the Hong Kong backdown over the extradition bill and confirmation of US-China trade talks in early October, with lower level talks during September." "This left USD/JPY near the top of the past month's ranges, though 107.00 could yet be a bridge… 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.
