USD/JPY slides as US stocks give back gains


S&P 500 fades back close to unchanged

USD/JPY is at the lows of the day, down 22 pips to 108.49, as the US stock market gives back gains. The S&P 500 is up 2 points after rising nearly 30 points shortly after the open.

The market had been upbeat about China talks but it’s going to be a long road. There’s also renewed talk about earnings next week and that’s sparking some flashbacks to the rough ride during Q3 earnings. Along those lines, watch out for more warnings about China’s economy from anyone who hits a soft patch.


Products You May Like

Articles You May Like

UK: Reports about May being replaced, perhaps by Lidington, GBP/USD set to move at the open
The “freight train” was stalled. Now back at the old swing highs.
Dollar Steady Ahead Of FOMC Meeting Today
USDCHF continues the pattern of trading above and below the 200 day MA
Why Your One-Stock Solution Isn’t A Solution

Leave a Reply

Your email address will not be published. Required fields are marked *