USD/JPY down on the headlines

Risk trades are under pressure after this report from CNBC's Beijing correspondent Eunice Yoon:

Mood in Beijing about #trade deal is pessimistic, government source tells me. China troubled after Trump said no tariff rollback. (China thought both had agreed in principle.) Strategy now to talk but wait due to impeachment, US election. Also prioritize China economic support.

The reporter added more on TV and highlighted that China was considering waiting on the outcome of impeachment hearings and the election, while focusing on their domestic economy.

She also outlined some things that have been reported before, like that China doesn't want to put a dollar figure on agricultural purchases.