Investor Morale Hurt by US-China Tensions

Equities Slide, Yen Gains on New US-China Frictions

The dollar traded higher against all but two of the other G10 currencies on Thursday and during the Asian morning Friday. It gained the most versus NOK, CHF and CAD in that order, while it lost some ground only against JPY and GBP.

Nikkei 225 — Technical Outlook

Nikkei 225 is still balancing above its short-term upside support line taken from the low of April 3 rd. But after hitting the 20815 barrier this week, the index started moving lower and it is now getting closer to the above-mentioned upside line. The price may go ahead and test that trendline, but we will stay somewhat positive, if that line remains intact.

AUD/JPY — Technical Outlook

It seems that, from around the beginning of April, AUD/JPY is forming a potential rising wedge pattern. According to the TA rules, such formations tend to break to the downside. However, as long as the lower side of that pattern stays intact, the pair still has a chance of climbing back up. This is why we will remain somewhat positive overall.

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