U.S.-China tensions flared up | 25 May 2020

25 May 2020, USD/JPY

U.S.-China tensions flared up

USDJPY trading plan:

U.S.-China tensions flared up, prompting investors to seek the traditional safe haven. The latest source of Sino-U.S. disagreement came after Beijing moved to impose a new security law on Hong Kong after last year's pro-democracy unrest. The decision drew a warning from President Donald Trump that Washington would react "very strongly" against the attempt to gain more control over the former British colony. The U.S. government late accused the Chinese government of making it impossible for U.S. airlines to resume service to China and ordered four Chinese air carriers to file flight schedules with the U.S. government.

Trading recommendation: range 107.30 -107.90.

David Johnson
Analyst of «FreshForex» company
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