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Sino-U.S. tensions remain

Sino-U.S. tensions remain | 02 June 2020

02 June 2020, USD/JPY

Sino-U.S. tensions remain

USDJPY trading plan:

Sino-U.S. tensions remain strained, with China ordering state-owned firms to halt purchases of U.S. soybeans and pork in retaliation for President Donald Trump's announcement that he would end special treatment for Hong Kong. Secretary of State Mike Pompeo said that the U.S. is considering whether to allow Hong Kongers into the country, responding to China’s enactment of national security laws for both Hong Kong and Macau. U.S. President Donald Trump threatened on Monday to use force to quell the ongoing protests in dozens of U.S. cities over the death of George Floyd.

Trading recommendation: range 107.30 -108.05.

David Johnson
Analyst of «FreshForex» company
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