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

NZDUSD, AUDUSD Tumble to Support. RBNZ, RBA Rate Cut Bets Deepen
How to Create A Worldwide Retirement Crisis, Using This One Simple Trick
USDCNH Drops, Dow Jones Pops as Trump and Xi Set to Meet at G20
Gold climbs back above $1350 on ‘additional stimulus’ talk
EUR/JPY technical analysis: Up-side correction faded back towards descending channel

Leave a Reply

Your email address will not be published.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