USD/JPY: The dollar eased, reversing most of its previous session gains, as concerns over U.S.-Mexico talks on tariffs and immigration, and heightened U.S.-China trade tensions fuelled broader concerns about global trade hostilities. The major was trading 0.2 percent down at 108.21, having hit a low of 107.81 on Wednesday, its lowest since Jan. 10.
Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. trade balance, unemployment benefit claims, nonfarm productivity, and speeches from Fed officials. Immediate resistance is located at 108.62 (38.2% retracement of 109.92 and 107.81), a break above targets 109.11 (61.8% retracement). On the downside, support is seen at 107.77 (Jan. 10 Low), a break below could take it lower at 107.51 (Jan. 4 Low).
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