USD-JPY has turned lower amid a sharpening risk-off vibe amid a sentiment-souring ratcheting-up in Sino-U.S. trade tensions. The Trump administration confirmed that it is considering rising tariffs on $200 bln worth of Chinese imports, seen as a bargaining ploy by Trump ahead of Washington and Beijing’s return to the negotiating table, though China returned fire today by accusing the U.S. of blackmail, of which it will not respond to.
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