There are some reports that Trump is going to hit Japan with an extra 15% tariff.
The yen is taking a hit on this.
The reports are coming from Japanese media, Kyodo being cited.
USD/JPY is rising, its above 147.50 as I post.
Over past days we’ve been updating on the fact that there was, and is, no ‘deal’. Japanese pofficials been blah blah blah that nothing was signed etc.
This from Monday:
Akazawa, said trade agreement between the US & Japan is not a legally binding commitment
Then this from Tuesday:
Japan’s Akazawa is yet to confirm the tariff agreement with the USAkazawa is heading back to the US for more talks
This article was written by Eamonn Sheridan at investinglive.com.