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Trump is increasing souring on China

Trump is increasing souring on China | 15 May 2020

15 May 2020, USD/JPY

Trump is increasing souring on China

USDJPY trading plan:

Donald Trump said he was very disappointed with China's failure to contain the disease and that the pandemic had cast a pall over his January trade deal with Beijing, which he has previously hailed as a major achievement. "They should have never let this happen," Trump said. "So I make a great trade deal and now I say this doesn't feel the same to me. The ink was barely dry and the plague came over. And it doesn't feel the same to me." President Donald Trump’s increasing souring on China is sending waves of delight through sellers of USDJPY.

Trading recommendation: Sell 107.50 and take profit 107.00.

David Johnson
Analyst of «FreshForex» company
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