The USD/JPY drops below 155.00 for the second straight day and seems poised to achieve a daily close below the latter.
USD/JPY faces continued pressure, potentially closing below 155.00 as US-China trade war escalates. Technical indicators suggest further downside, with pair now trading within the Ichimoku Cloud. Resistance and support levels closely watched, with potential rebounds facing hurdles at 155.76 and 156.29. Falling US Treasury yields and the escalation of the “trade war” between the United States and China would underpin the Japanese Yen due to its safe-haven appeal.
Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas. What is the difference between taxes and tariffs? Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions.
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