Farming and financials services weighed
A report landed about an hour ago that sent a shudder through USD/JPY. The pair bounced but has turned back lower at 106.15.
The WSJ story says China is preparing to target US agricultural exports but that officials are also considering easing restrictions on foreign investments in securities firms and insurance companies.
Specifically mentioned for tariffs are soybeans, sorghum and live hogs which are calibrated to it states that helped elect Trump.
