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May, 31 - another wave of trade war pours more power into JPY

USD/JPY has not been the strongest or the most stable player in the field, that’s for sure. But the performance of the couple today is not something that we can blame on another weakness of either of the currencies as a drop like that has not been seen in months. USD/JPY has dropped to the lowest point in weeks. All because traders are feeling the risks correlated with trading in Asian region as risks connected with trade war are only growing bigger and bigger. Plus, it seems that trade war is going global with Trump announcing trade tariffs for Mexico in order to somehow calm down refugee flow that President Trumps claims create real national emergency in USA.

 

usdjpy 31.05.2019

 

Of course news like that are going to make traders flee from USD and to something more stable and safer. That is exactly the effect of what we see right now. Who is to say that the fall is not going to be interrupted by anything? Although none of the currencies are expecting anything that can interrupt the fall of the chart.

 

What if something meddles right inside the performance of the two couples? Well, we always have our trading signals to help us out.

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