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Dollar rebound versus Yen forcing GBP/USD and EUR/USD lower and here is why
A news announcement a moment ago has sent the Yen weaker and seen the USD/JPY jump back towards 143. The news came from Chinese sources said to be open to talks with Trump, provided he shows respect. Granted this is unlikely but at least it shows the Chinese side is willing to discuss the situation and that has provided the catalyst for the Dollar to rebound, albeit a very flimsy catalyst. The move higher in the USD/JPY has forced the EUR/USD and GBP/USD lower. It has also led to a sharp move lower in Gold. That is now some $25 below its earlier record high above $3,317. The USD/JPY is right now any 142.75
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