Sources: Hopes for US-Japan September trade deal are fading ahead of trade talks - Reuters
|Reuters cites Japanese government officials with knowledge of the negotiations, as saying that hopes for a US-Japan trade deal in September are fading as both sides fail to make concessions on agriculture and automobiles.
It’s worth noting that Japanese Economy Minister Motegi and US Trade Representative (TR) Robert Lighthizer will hold two-day talks in Washington from Wednesday, which will be their second meeting this month.
Key Headlines:
Progress towards reaching a deal has been slow.
It will be a very tough negotiation.
If there is to be an ‘agreement’ we need to have something we can formally announce, which is tough.
It will be difficult to agree on a deal in September unless Washington makes more concessions.
A fallout on the upcoming US-Japan trade talks could temper the improved risk sentiment, with the safe-haven Yen likely to regain control on the 106 handle. However, the main focus remains on the FOMC July meeting’s minutes due later in the NA session.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.