USD/JPY praises PBOC’s RRR cut, trade-positive news amid Japan’s holidays, eyes on China data

USD/JPY praises PBOC’s RRR cut, trade-positive news amid Japan’s holidays, eyes on China data

USD/JPY holds onto recovery mode amid the six-day holidays in Japan. PBOC announced a 50 bps rate cut, Trump administration remains optimistic about the trade deal with China. China’s Caixin …