- USD/JPY jumps to session tops, back above 109.00 handle, which was caused by optimistic trade-related comments from China.
Market news
7 November 2019
USD/JPY jumps to session tops, back above 109.00 handle, which was caused by optimistic trade-related comments from China.
China's Commerce Ministry was out with a statement in the last hour, saying that the US and China have agreed to cancel existing tariffs in different phases. The comments helped offset the overnight report, suggesting that phase one deal might be delayed until December and led to a turnaround in the global risk sentiment.
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