JPY News 

USD/JPY nears test of 110 handle despite optimistic risk sentiment

“Even so, the peculiar thing is that the yen remains well bid despite the improved risk sentiment today” reports forexlive.com. The 110.00 handle is a key psychological and support barrier for USD/JPY so expect plenty of focus to center around that level in the trading sessions ahead.Right now, sellers are still maintaining the bearish bias/momentum as price continues to trade under both the key daily moving averages. Looking at other factors that could influence price action, there aren’t any significant expiries rolling off over the next two days so expect…

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Mark Zuckerberg’s year end note is optimistic about Facebook, but also tone deaf

“In an end-of-year note by Mark Zuckerberg, you’d have thought that after all the drama that Facebook had to face this year, the company CEO, would maybe find it difficult to appear optimistic” reports firstpost.com. But on the contrary, Zuckerberg is happy at how his company has transformed and taken steps to contain the misuse of its platform. Source: firstpost.com

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NBA notebook: Agent optimistic about Fultz’s status

“The 76ers don’t know when Markelle Fultz might be ready to return to action, but Fultz’s agent is optimistic that the second-year guard will play for Philadelphia again this season” writes Midwest Communications Inc for 95kqds.com. Durant can opt out of the second year of his two-year, $61.5 million contract and become a free agent after the 2018-19 season. Source: 95kqds.com

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US envoy optimistic about N. Korea despite latest friction

“The United States removed its tactical nuclear weapons from South Korea in the 1990s” writes The Associated Press for seattletimes.com. It also raises credibility problems for the liberal South Korean government, which has claimed that Kim is genuinely interested in negotiating away his nuclear weapons.Upon his arrival in South Korean on Wednesday, Biegun said Washington was reviewing easing travel restrictions on North Korea to facilitate humanitarian shipments to help resolve the impasse in nuclear negotiations. Source: seattletimes.com

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Blake Nordstrom discloses cancer diagnosis, plans to keep working through treatment

“The company co-president said his doctors are optimistic by the prognosis of treatable lymphoma” writes Seattle Times Business for seattletimes.com. Nordstrom, who leads the company with brothers Pete and Erik Nordstrom, told the company’s employees, customers and shareholders that his cancer is treatable and that he and his doctors “are optimistic and encouraged by my prognosis.” In a note filed with the Securities and Exchange Commission (SEC), Blake, 57, said he expected to reduce his scheduled travel during the next few months as he begins treatment, but otherwise plans to…

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Evers not optimistic Wisconsin Gov. Walker will veto bills

“Wisconsin’s Democratic Gov.-elect Tony Evers said Sunday he’s not optimistic that outgoing governor Scott Walker will veto bills approved by the Republican-dominated Legislature that would limit the new governor’s power” writes Associated Press for sun-sentinel.com. Speaking on NBC’s “Meet the Press,” Evers said he talked by telephone with Walker recently and appealed to him to veto the legislation, but that Walker was noncommittal. Source: sun-sentinel.com

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US ‘more likely than not’ to double China tariffs when truce ends

“The Dow Jones Industrial Average fell almost 800 points the day the day Trump moved from optimistic about his China deal to threatening and has tumbled 4.6 percent this week, to 24,374” reports washingtonexaminer.com. The bottom line on President Trump’s trade truce with China is this, says Goldman Sachs: Once negotiators have finished their three months of talks, the U.S. is ‘more likely than not’ to double most of the tariffs imposed on its rival’s products this year.Although three months isn’t sufficient to address the issues between the U.S. and…

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Top Chinese tech investor says he’s still optimistic about growth 

“Shen, however, pushed back Thursday against concerns about trade tensions and a cold spell for the Chinese tech sector” writes Nelson Ching for cnbc.com. Some recent data reports have been soft, adding to concerns that increasing trade tensions with the U.S. will cause growth to slow even further.WUZHEN, China — The head of Sequoia Capital’s China affiliate said Thursday there are still big opportunities for growth in the country’s digital economy, contrary to many concerns about a slowdown. Source: cnbc.com

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