Trump decides against harshest measures on China investments

According to the latest headlines floating on the wires, quoting senior Trump administration officials, the US President Donald Trump decided against the harshest measures on China Investments.

Key headlines:

   •  Trump won't invoke national emergency law on China.
   •  Trump to use CFIUS to respond to China's technology theft.
   •  CFIUS is the best approach to protect US technology.
   •  Seeks to keep investment environment in the US open.
   •  China must address technology theft.
   •  Will modify US export controls to strengthen them if Commerce Department review finds that necessary.

The headlines triggered a global wave of risk-on trade, with the USD/JPY pair surging through the very important 200-day SMA to a fresh weekly high level of 110.35.

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