USD/JPY flows: U.S.-China has a "handshake for a framework"

The Japan April PPI has surprised to the downside to -0.2% m/m but remain above 3% on a year o year basis. However, the of the session so far is Lutnick saying reached a framework with China and if approved by Trump, they will implement Geneva agreement. While it is a positive outcome, there is progress as itis just an implementation of what was mentioned in Geneva last month.

There is little positivity to be brewed in and see USD/JPY up 0.04% to 144.94.