USD/JPY flows: Trump's Tariff Remarks Continue

After getting hit by a 25% tariff on all Japanese item, Trump says he may adjust tariffs for some countries and seems to suggest August 1 is not a hard deadline. It seems to be helping a partial reversal in JPY weakness as it gives both sides more time to negotiate on trade deals. The election on 20th July will likely keep the current government at bay unless they got a good deal.

USD/JPY is trading 0.13% lower at 145.88.