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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