US Looking to Sign a Trade Deal With Japan Soon - Forex News by FX Leaders

US Looking to Sign a Trade Deal With Japan Soon

Posted Monday, May 13, 2019 by
Arslan Butt • 1 min read

US and China may still be negotiating terms of their trade deal, but there’s another trade discussion happening simultaneously. On the sidelines of the US-China trade talks, US is trying to fix a trade deal with Japan swiftly.

The US government is hoping that Japan gives it a status of being a premier customer. The focus is on farm products and other goods that the two countries trade with each other.

However, US Secretary of Agriculture Sonny Perdue admits that a trade deal with Japan could take some time to materialize. Negotiations are being handled by US Trade Representative Robert Lighthizer and Japan’s Economy Minister Toshimitsu Motegi.

Given that Lighthizer has his hands full as he continues negotiating with China against the backdrop of the most recent tariff hike, it could take longer for him to turn his focus to Japan. Meanwhile, USD/JPY continues to trade bearish, touching 109.67 at the time of writing.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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