LIVE FOREX CHART >>

 


Author Topic: Trade War Fears Send Yen Higher  (Read 175 times)

FXshooting

  • Administrator
  • Hero Member
  • *****
  • Posts: 1785
    • View Profile
Trade War Fears Send Yen Higher
« on: September 08, 2018, 09:37:22 am »
Trade War Fears Send Yen Higher

News that Japan could be the next target in Donald Trump's cross-hairs pushed the safe haven Japanese Yen higher relative to its US counterpart. CNBC reported on Thursday that, in an interview with the Wall Street Journal, the President seemed to allude to the possibility of raising trade concerns with Japan, suggesting the Japanese government is profiting from an inequitable trade relationship with the United States.

As reported at 10:12 am (JST) in Tokyo, the USD/JPY was trading at 110.495 Yen, down 0.16% and off the session low of 110.382 Yen. The EUR/USD was trading at $1.16, down 0.02% while the GBP/USD was trading at $1.2923, down 0.03%.

NFP in Focus
Markets will be focusing their attention to the US later today for the release of the US Labor Department's Non-Farms Payroll Report for August. The latest poll shows that economists are predicting 191,000 new jobs will have been recorded, up from July's 179,000 while average earnings could see a fall to 0.2% (month-over-month), against 0.3% in July. Full employment is one of the mandates of the US Federal Reserve Bank, and with the Fed expected to hike rates soon the NFP figures could help investors gauge the timing of the next rate adjustment.



Ref.  www.dailyforex.com/forex-news/2018/09/trade-war-fears-send-yen-higher-september-7-2018/102607


https://www.fxshooting.com
« Last Edit: September 08, 2018, 09:55:09 am by FXshooting »

Share on Facebook Share on Twitter


 







Pay For Premium Forex Signals FXSHOOTING

Payment Premium Signals

 



NEWS & ANALYSIS VIDEO



 










InstaForex



   


Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in cryptocurrencies carries with it potential risks. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Cryptocurrencies are not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), Forex and cryptocurrencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.