OptionsPlay

Trade Wars are Bearish for USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
A clear break below $108 support level which now becomes resistance targets the $100 support level. The selloff in US Treasuries and trade wars are bearish for the USD, combined with the risk-off environment that the tariffs rhetoric sparks off points to a bearish tone for USDJPY.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.