Trump speaks at the G7 summit
- Says US is in a much better position now than at any time in negotiations with China
Funnily enough he is also tweeting at the same time about trade issues with China:
“Great respect for the fact that President Xi & his Representatives want “calm resolution.” So impressed that they are willing to come out & state the facts so accurately. This is why he is a great leader & representing a great country. Talks are continuing!”
The headline comment on tariffs is helping to keep risk assets buoyed on the day. USD/JPY trades at session highs currently just under the 106.00 handle.