Spot is expected to remain within the 108/111.40 range in the short term horizon, noted Arne Rasmussen, Head of FI Research at Danske Bank. Key Quotes “We still see USD/JPY within the 108-111.40 range near term, but the risk of further escalation of the US-China trade war is likely to continue to weigh on the cross via the risk channel”. “In relation to the US-China trade spat, next key date to watch out for is 30 June when the US announces a plan to restrict Chinese investments into the US and to limit exports of US tech products to China”. “We see value in buying 3M USD/JPY puts as a hedge against a trade war escalation and political uncertainty in Japan”. 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 Bitcoin Technical Analysis: BTC/USD calm before another raft of a storm, as price ranges between a broadening wedge pattern FX Street 3 years Spot is expected to remain within the 108/111.40 range in the short term horizon, noted Arne Rasmussen, Head of FI Research at Danske Bank. Key Quotes "We still see USD/JPY within the 108-111.40 range near term, but the risk of further escalation of the US-China trade war is likely to continue to weigh on the cross via the risk channel". "In relation to the US-China trade spat, next key date to watch out for is 30 June when the US announces a plan to restrict Chinese investments into the US and to limit exports of US tech products to China".… Top 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.
