Japanese media, Kyodo, has the worrying news.
Monday:
Akazawa, said trade agreement between the US & Japan is not a legally binding commitmentJapan's Akazawa is yet to confirm the tariff agreement with the US
How is this surprising? The 'deals' Trump has been espousing are little more than vague frameworks, held together by duct tape and bits of string.
Now, on the yen. You'll see the chart attached. This news hit at the worst possible time of the 24 hour cycle for FX. The US has suit up shop for the day and are heading home. New Zealand is active and ... that's about it. Sure, there are algos about, but many of them are either switched off at this time of the day (too risky!) or volumes are scaled right back. You'll see that for yourself in retail spreads on FX widening out at this time of day, even on a no news day.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about yen has stabilised after massive news that trump could slam japan with extra 15 tariff was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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