China says will impose tariffs on 5000 US goods.
The USDJPY is moving lower after China said it will impose tariffs on 5000 US goods ($60B dollars in total). The price has moved from 109.61 to a low of 109.30. The pair is trading at the lowest level since February 1. The next targets are at 109.01 and then at 108.92. Those are lower trend lines.
Stocks are getting hammered with the Dow now down -448 points. The S&P is down -51 points and the Nasdaq is down -186 points.
The USDCHF is also falling and the EURUSD is rising (both at extremes).