Early indications across the (admittedly thin) FX markets is that 'pain' is on its way for risk assets after Trump's China Trade deal threats. Yuan has plunged over 500 pips to 3-month lows... For context...this is the biggest yuan crash since August... And USDJPY is down notably (typically signaling derisking of carry-trade funded risk assets)... We'll see if the algos buy the dip when US futures market open. Also note that China is still on holiday today.