The dispute between the U.S. and China has rattled markets on concern that the move towards protectionism could slow global growth momentum. The U.S. is looking to slap another $200 billion in tariffs on Chinese goods, while China vowed to retaliate. The USDJPY pair dropped over 100 pips in early morning trade, falling to 109.60 yen as investors rushed to the safety of the Japanese currency.
Trade Tensions Escalate between U.S. - China
Daily Analysis - 19/06/2018