{"id":153484,"date":"2019-08-14T10:45:40","date_gmt":"2019-08-14T14:45:40","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153484"},"modified":"2019-08-14T06:54:22","modified_gmt":"2019-08-14T10:54:22","slug":"usdjpy-analysis-us-may-negotiate-foreign-trade-with-china","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/usdjpy-analysis-us-may-negotiate-foreign-trade-with-china\/","title":{"rendered":"USDJPY Analysis: US may negotiate foreign trade with China"},"content":{"rendered":"
August 14, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

US may negotiate foreign trade with China<\/strong><\/p>\n

The U.S. postponed the introduction of new import duties on Chinese goods until December 15, 2019. Within two weeks, additional negotiations will be held on mutual trade. Will the USDJPY quotations<\/a> grow?<\/p><\/blockquote>\n

Earlier, the United States was going to introduce a 10% duty on imports of Chinese goods worth $ 300 billion a year from September 1, 2019. Now this question has been postponed to December. By the end of August, the parties will conduct telephone calls. Investors regarded this message as a real opportunity to mitigate the US-China foreign trade conflict. This weakened the Japanese yen, which was previously seen as a safe haven currency and appreciably strengthened. Earlier, Deputy Minister of Finance for International Affairs Yoshiki Takeuchi said that his department and the Central Bank of Japan could take measures to prevent the yen from becoming too strong. A regular meeting of the Bank of Japan will be held on September 19, 2019, at which additional statements can be made to weaken the yen. On August 14, data on industrial orders will be released in Japan, and on August 15, industrial production for June. They can affect the dynamics of the yen.<\/p>\n

\"USDJPY\"<\/p>\n

On the daily timeframe USDJPY: D1<\/b> trying to return to the previous wide neutral range. Various technical analysis indicators have generated uptrend signals. Further growth of quotations is possible if negative macroeconomic data are published in Japan and positive in the USA, as well as normalization of US-Chinese foreign trade relations.<\/p>\n