The Nikkei Asian Review carried a report on Friday, citing that Japan negotiators firmly opposed the US proposal.
Additional takeaways
- US tariff negotiators presented a framework for an agreement with Japan.
- US framework included reluctance to lowering tariffs on autos, steel, aluminium.
- US framework proposal for Japan centred on reciprocal tariffs.
Market reaction
Following this report, USD/JPY defends 145.00, still down 0.19% on the day.
