USD/JPY
On Friday, the yen was recovering from a significant drop on Thursday, but today in the Asian session it sharply went down on a new round of intrigues between the US and Canada. Apparently, the conclusion of the signing of NAFTA is postponed for a month, and this is only in the best case. At worst, NAFTA may not take place at all, there will only be a US trade agreement with Mexico, and Canada will suffer the fate of the European Union. Japanese stock index Nikkei 225 loses 0.58%. Even worse is the situation on the stock markets of China, as Trump once again threatens to raise tariffs on Chinese goods in the amount of 200 billion dollars – China A50 loses -0.78%, Shanghai Composite -0.94%.
This turn of events forces us to abandon the mood to raise the yen. Now the immediate goal is to support the trend line of the falling price channel of 110.43, then the low of August 21 at 109.79, coinciding with the next support of the price channel. On the daily chart, the price develops under the red indicator balance line, the signal line of the oscillator Marlin hurries to go deeper down.
