September 3, 2018, 11:39: Still risk-off conditions [From Mr. Shima Rikio's e-newsletter]
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This week's notable materials, in GogoJungle's investment newsletter "Shima Rikio's Real-Time Practical Trades," Shima-san writes the following.
This week, most of all, whether a third wave of economic sanctions against China will be enacted. If enacted, the risk-off market is certain. There is still a narrow possibility that the sanctions could be withdrawn, so rushing into risk-off trading may also be dangerous, but as of September 6, there will likely be no statements about withdrawing the sanctions. NAFTA negotiations are also stalled, so the possibility of a deepening trade war seems higher.
We should continue risk-off trading. (as in the original)
USD/JPY, daily chart.
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