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The US Director of Trade and Manufacturing Policy Peter Navarro crossed the wires in early trades, via Reuters, expressing his thoughts on the upcoming US-China trade talks.

He said that the Hong Kong unrest is the context for trade talks.

Markets await the resumption of the trade talks between both countries next week. Although raising the topic of the Hong Kong unrest by the US may not go down well with China.

As for today’s trading, the risk sentiment remains dented by rising US recession fears and US political tensions. USD/JPY struggles above the 107 handle while the Asian equities and Treasury yields trade weaker.