USD/JPY fades the previous day’s recovery from 107.00. Confirmation of bearish technical pattern highlights 200-HMA for the sellers. An upside break of the formation may aim for the monthly top. US-China tension, US President Trump’s comments on WHO and Aussie-Sino tussle are the latest catalysts. Having failed to cross Monday’s top, USD/JPY drops to 107.38 during the pre-European session on Tuesday. The pair seems to have recently pressured as headlines concerning the US-China tension and US President Donald Trump’s comments relating to the World Health Organization (WHO) put a fresh bid under the US dollar amid risk-off sentiment. Also contributing to the risk aversion could be the Aussie-China tussle after the dragon nation levied 80% tariffs on the Australian barley. That said, the pair is yet to confirm a bearish formation to lure the sellers. In doing so, a decisive break below 107.30 becomes necessary to target a 200-HMA level of 107.00. On the contrary, an upside break of the pattern’s resistance line, at 107.55 now, can escalate the previous day’s recovery moves towards the monthly top near 107.77. USD/JPY hourly chart Trend: Pullback expected 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 IOTA Price Analysis: IOT/USD stares into a rising wedge pattern breakdown FX Street 2 years USD/JPY fades the previous day’s recovery from 107.00. Confirmation of bearish technical pattern highlights 200-HMA for the sellers. An upside break of the formation may aim for the monthly top. US-China tension, US President Trump’s comments on WHO and Aussie-Sino tussle are the latest catalysts. Having failed to cross Monday’s top, USD/JPY drops to 107.38 during the pre-European session on Tuesday. The pair seems to have recently pressured as headlines concerning the US-China tension and US President Donald Trump’s comments relating to the World Health Organization (WHO) put a fresh bid under the US dollar amid risk-off sentiment. Also contributing… 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.