USD/JPY Heavy on 106.00 amid lower S&P futures, poor China data
USD/JPY dropped from near 106.75 so far this Wednesday, now holding the lower ground near 106.30. The spot remains dragged down by upbeat Japanese macro data, concerns over the Hong Kong unrest and poor Chinese data dump.
The Japanese yen was the worst performer against the dollar this Tuesday, with the USD/JPY pair jumping from the 105.00 regions to 106.97 after the US government announced a delay in tariffs on some of the Chinese imports until mid-December. Speculative interest abandoned safe-haven assets and rushed back into equities on the relief headlines, and despite no progress has been made in trade talks. US Treasury yields recovered, although the yield on the benchmark 10-year note settled at 1.68%, recovering from an intraday low of 1.62%.
ENTER AT: 106.4