Breaking: China will raise tariffs on the US goods on June 1

Breaking: China will raise tariffs on the US goods on June 1

Chinese authorities plan to apply tariffs on $60 billion of US goods. USD/JPY is testing the support at 109.26 on the news. The next support lies at 108.62. If the pair reverses, the resistance is placed at 110.11.

USDJPYDaily.png

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