{"id":153445,"date":"2019-08-13T12:29:20","date_gmt":"2019-08-13T16:29:20","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153445"},"modified":"2019-08-13T12:29:20","modified_gmt":"2019-08-13T16:29:20","slug":"japanese-yen-crumbles-across-the-board-as-us-delays-china-tariffs","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/japanese-yen-crumbles-across-the-board-as-us-delays-china-tariffs\/","title":{"rendered":"Japanese yen crumbles across the board as US delays China tariffs \u00a0"},"content":{"rendered":"<div id=\"inves-1661060285\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 13, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong><span class=\"author-description-author\">By Lukman Otunuga, Research Analyst<\/span>, <\/strong><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\"><strong>ForexTime<\/strong><\/a><\/p>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>There was a collective sigh of relief across financial markets on Tuesday after the Trump administration announced it will delay 10% tariffs on certain Chinese goods until December.<\/p>\n<p>This favourable development is seen easing trade tensions while offering some light at the end of the US-China trade war tunnel.<\/p>\n<p>Safe-haven assets like the Japanese Yen weakened across the board on the news with the USDJPY jumping over 150 pips within a 90-minute window.<\/p>\n<p>The USDJPY is trading around 106.65 as of writing and could rebound towards 107.50 if a daily close above 107.00 is achieved.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/usdjpydaily_147.png\" alt=\"\" \/><\/p>\n<p><strong>EURJPY blasts\u00a0above 119.00<\/strong><\/p>\n<p>A depreciating Yen has sent the EURJPY rallying above the 119.00 level on Tuesday afternoon. Although prices remain in a downtrend on the daily charts, there is scope for further upside if a daily close above 119.00 is achieved.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/eurjpydaily_37.png\" alt=\"\" \/><\/p>\n<p><strong>GBPJPY eyes 129.20<\/strong><\/p>\n<p>The GBPJPY is staging an incredibly rebound from three years lows thanks to Yen weakness. Prices have the potential to push higher towards 130.50 if a daily close above 129.30 is secured.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/gbpjpydaily_43.png\" alt=\"\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"https:\/\/www.countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener noreferrer\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Lukman Otunuga, Research Analyst, ForexTime There was a collective sigh of relief across financial markets on Tuesday after the Trump administration announced it will delay 10% tariffs on certain Chinese goods until December. This favourable development is seen easing trade tensions while offering some light at the end of the US-China trade war tunnel. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-153445","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=153445"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153445\/revisions"}],"predecessor-version":[{"id":153452,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153445\/revisions\/153452"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=153445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=153445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=153445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}