USDJPY recovers as Trump said China trade deal moving along nicely

After dipping to as low as 109.55, USD/JPY recovers on Trump’s tweet that the trade deal with China is “moving along nicely.

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For now, 109.55 is not even seen as a temporary bottom yet. We’ll have to seen how is goes to decide. The markets are reflections of the world. When the world is erratic, the markets couldn’t be calm.