AUD pop, yen drop on the Xinhua headline

Here is the news from Chinese state meida Xinhua:

• China state media report President Xi lauds substantial progress on trade agreement

That was posted about two minutes ahead of the major wires getting it (eagle eyes we have here at ForexLive).

AUD/JPY got a nice pop. Equities liked it also.

As an aside, trump said the same thing a few hours ago (more or less) and the market ignored him. The scale of credibility has shifted from the US to China.