USD/JPY gained about 60 pips as Peter Navarro, “one of President Donald Trump’s top trade advisors, said the market was overreacting to fears the administration would restrict foreign investment as part of its trade actions against China and other countries,” according to CNBC. USD/JPY broke above the bearish trendline as bulls are holding USD/JPY above the daily 50-period simple moving average at 109.48 USD/JPY failed to regain the 109.90-110.00 area. USD/JPY 15-minute chart Spot rate: 109.76 Relative change: -0.21% High: 110.05 Low: 109.36 Trend: Neutral Resistance 1: 109.90 supply level Resistance 2: 110.21 June 22 high Resistance 3: 110.56 supply level Support 1: 109.48-109.55, daily 50-period SMA June 19 low Support 2: 109.20 June 8 low Support 3: 108.70 demand level 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 Wall Street ends day with heavy losses as Navarro’s comments fail to trigger a late recovery FX Street 3 years USD/JPY gained about 60 pips as Peter Navarro, "one of President Donald Trump's top trade advisors, said the market was overreacting to fears the administration would restrict foreign investment as part of its trade actions against China and other countries," according to CNBC. USD/JPY broke above the bearish trendline as bulls are holding USD/JPY above the daily 50-period simple moving average at 109.48 USD/JPY failed to regain the 109.90-110.00 area. USD/JPY 15-minute chart Spot rate: 109.76 Relative change: -0.21% High: … 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.
