Trump orders US chip designers to stop selling to China.The UK's Financial Times is reporting that Pres. Trump is ordering US chip designers to stop selling to China.
USD/JPY – 28.05.2025.USDJPY passed the resistance of 144.40 which could push for advance. As we see over the chart the is market facing the first support around 143.85, where as long as prices keep above it, more advance could hit the market toward 145.95.
China's Vice Premier He Lifeng: Welcomes US financial institutions to deepen cooperation.China's Vice Premier He Lifeng is on the wires saying: Welcomes US financial institutions to deepen cooperation with China. Welcomes US financial institutions, long-term capital to paricipate in China's Capital market Me with Morgan Stanley executive in Beijing The US 145% tariffs on China imports were lowered on May 12 with a 90-day reprieve.
JPY up modestly & outperforming G10 – Scotiabank.Japanese Yen (JPY) is up a modest 0.2%, outperforming most of the G10 currencies in quiet trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/JPY: Any advance is likely limited to a test of 144.80 – UOB Group.US Dollar (USD) could strengthen further vs Japanese Yen (JPY); deeply overbought conditions suggest that any advance is likely limited to a test of 144.80. In the longer run, week-long USD weakness has stabilised; USD is likely to trade in a 142.70/145.30 range.