Japan Trade Minister Muto received no assurance Japan would be exempt from US tariffs

Japan Trade Minister Muto:

• Asked that Japan be exempt from tariffs in talks with US officials.
• Will continue talks on economic cooperation with the US.
• Told the US that Japan will contribute to US economic development.
• Did not get any assurance from the US that Japan will be exempted from US tariffs due to come into force on Wednesday.
• Discussed LNG, including the Alaska project, in talks with US trade officials.

Yen is losing some ground, USD/JPY has bounced from lows around 146.80 to above 147.00 as I update.

This article was written by Eamonn Sheridan at www.forexlive.com.