Bloomberg reports that Chinese officials doubt a long-term trade agreement with Donald Trump is possible. This casts a long shadow even on a short-term trade deal especially after a meeting between the US and China in Chile was cancelled. This report puts downward pressure on US bond yields and sends a warning signal to equity investors too. The USDJPY is dipping following the announcement as well.
The USDJPY is declining on the Bloomberg report. Source: xStation5
Risk sentiment recovers, as markets more sensitive to tariffs than geopolitics
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Morning wrap (22.01.2026)
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