USD/JPY at the best levels of European trading
USD/JPY slumped after terrible Chinese trade numbers earlier today. Imports and exports both fell far more than expected, raising fresh questions about how hard the trade war is hitting.
To me, it's starting to look like Chinese growth hit a wall in Q4.
So far the market has taken it in stride. The yen crosses fell initially but have stabilized and are now rebounding. USD/JPY fell as low as 107.99 but has rebounded to 108.15.
