EUR/JPY keeps focused on trade jitters
The cross is down for the second consecutive session at the end of the week, coming under renewed downside pressure in response to the improved sentiment in the safe-haven space.
In fact, the US-China trade scenario has deteriorated as of late along with rising social unrest in Hong Kong, all morphing into extra upside pressure in the Japanese yen and global bonds.
Moving forward, the final print of the November Consumer Sentiment is due later in the NA session along with advanced Manufacturing and Services PMIs measured by Markit.
Earlier in the session, flash Manufacturing PMIs in core Euroland have surprised to the upside for the month of November despite another downtick in the services sector, noting some contagion of the generalized slowdown.
Ricktran111
