JPY is on the rise

The yen appreciated this morning, during the Asian trading hours as U.S.-China trade conflict escalated and there is now a higher demand for the safe-haven metals and currencies.

Meanwhile, the Euro has hard time to breakdown mainly because of the political crisis in Italy.

Now, the USD trades versus the JPY at 105.93 JPY, which is another loss of 0.121 or 0.11% from the previous close of 106.059.

The daily range is from 105.71 to 106.07, while the trading volume is 98.026K.

Technically speaking, USD/JPY is into bearish weekly pattern as there have been consistently lower lows and lower highs.

Moreover, a stable weekly close below 106.00 is expected to stimulate a retreat towards the mark of 104.50.