USD/JPY slips to fresh one-week low as Trump says China deal may come after next year's election

Technical Analysis

Author: Justin Low | usdjpy

USD/JPY eases to a low of 108.85 on the lack of urgency for a trade deal

USD/JPY H1 03-12
Sellers are exerting further control in the pair now as bond yields also fall on the day on Trump's comments. US 10-year yields are now down by 2 bps to 1.798% from flat levels earlier as the lack of urgency for a trade deal is weighing on risk a little.

For USD/JPY, price is now back under the near-term trendline support and is also threatening to track below the 200-day moving average @ 108.91.

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