The JPY Advances

The JPY is into a great position versus the USD after expectations predict that a U.S.-China trade deal is not expected to take place this year.

Additionally, the Chinese yuan sunk to a three-week bottom in onshore trade.

Now, the JPY versus the USD trades at $0.00921, which is an incline of $0.000005 or 0.05% from the previous clsoe of $0.009205.

The daily range is from $0.00920 to 0.00923. The trade differences between Beijing and Washington serve as demotivation factor to most traders and investors.

Furthermore, Hong Kong has been rocked by months of escalating violent protest versus the Chinese rule of the former British colony.

As a matter of fact, the JPY has soared around 1% from more than five-month lows hit against the greenback earlier this month.

Now, the forex markets turned their attention to the next date to watch is Dec. 15, when U.S. tariffs on some $156 billion in Chinese goods are scheduled to take place.