The Greenback has paused downside against the yen as rumors of US-China trade talks support. Reuters quoted as saying some senior White House Officials are trying to restart talks with Beijing before the US tariffs on Ch…
The Greenback has paused downside against the yen as rumors of US-China trade talks support.
Reuters quoted as saying some senior White House Officials are trying to restart talks with Beijing before the US tariffs on China come into effect on July 6.
The major slumped on Thursday, with downside fueled by declining Treasury yields.
Minor recovery attempts being made today seem to lack traction.
The pair is trading a narrow range on the day, capped below stiff resistance at 200-DMA at 110.21.
On the hourly charts, price failed to break above 1H 21-EMA, we see any upside only on break above.
On the daily charts, 21-EMA is strong support, break below is likely to see extension of weakness.
With no major data scheduled for the day, sentiment will likely remain the key driver for the pair.
Support levels - 109.68 (50% Fib), 109.29 (cloud top), 109
