Analysts at MUFG Bank, point out that the trade talks between the US and China continue to dictated the near-term sentiment around the Yen. They see the USD/JPY moving with a neutral bias over the next week. Key Quotes: “Multiple events around the work are propelling risk aversion moves, like the Hong Kong demonstrations, US-China trade war, and Brexit, and USD/JPY selling is likely to continue. Retail sales data due out on the 16th will be important to watch, given the sudden slump in the non-manufacturing ISM index and weak wage growth. Retail sales undershooting market expectations could push down on USD/JPY temporarily.” “Widening USD/JPY basis shows that demand for the USD will be strong through year’s end. Outward investing unhedged for currency risk is likely to continue, so JPY selling by Japanese will likely support a lower bound for USD/JPY.” 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 Forex News Today: Daily Trading News share Read Next Forex Today: hopes on Brexit and the trade war front FX Street 4 years Analysts at MUFG Bank, point out that the trade talks between the US and China continue to dictated the near-term sentiment around the Yen. They see the USD/JPY moving with a neutral bias over the next week. Key Quotes: "Multiple events around the work are propelling risk aversion moves, like the Hong Kong demonstrations, US-China trade war, and Brexit, and USD/JPY selling is likely to continue. Retail sales data due out on the 16th will be important to watch, given the sudden slump in the non-manufacturing ISM index and weak wage growth. Retail sales undershooting market expectations could push… 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.
