That's the view from Sumitomo Mitsui in NY

USD/JPY traders awaiting news on trade talks

  • Clash between a seemingly intransigent Trump on raising tariffs and China indicating it will not compromise
  • bank says even if talks break down USD/JPY under 109 seems unlikely

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It sure has been tightly range bound the past 24 hours odd.

That's the view from Sumitomo Mitsui in NY