There are some reports that Trump is going to hit Japan with an extra 15% tariff, yen hit

There are some reports that Trump is going to hit Japan with an extra 15% tariff.

The yen is taking a hit on this.

The reports are coming from Japanese media, Kyodo being cited.

USD/JPY is rising, its above 147.50 as I post.

Over past days we’ve been updating on the fact that there was, and is, no ‘deal’. Japanese pofficials been blah blah blah that nothing was signed etc.

This from Monday:

• Akazawa, said trade agreement between the US & Japan is not a legally binding commitment

Then this from Tuesday:

• Japan’s Akazawa is yet to confirm the tariff agreement with the US
• Akazawa is heading back to the US for more talks

This article was written by Eamonn Sheridan at investinglive.com.