Japanese stocks are rising strongly, the N225 is +2.4%, on the talk of the deal. The yen is choppy and since the US close is barely net changed. JGB yields have risen.
What we have so far is a tweet from Trump, and some media commtns:
- Trump reckons he has completed a 'massive deal' with Japan
- Trump says hes not lying this time, Japan deal is a 'lot different' from deals in the past
And these:
The media speculation on 15% auto tariffs and what have you is moving traders, but are they on thin ice? Trump's announcements have, in the past, proven to be wild exaggerations (well, untruths too).
Anyway, the vibe is positive for now.
