Trend line and 100 hour MA tested
The USDJPY moved lower as stocks reversed earlier gains. Ross comment that the US and China were "miles and miles away" from an agreement. The problem with China is will the US ever get to the point of being satisfied. As Sec. Ross said, buying soybeans is easy. Implementing structural reforms and then enforcing those reforms is very difficult. Good luck.
Technically, the USDJPY is trading just below the 100 hour MA and tests a trend line connecting lows this week (well lows over the last few days). A move below would increase the bearish bias.
Stocks set to open soon. US yields are down around -2 to -2.5 bps on the day.