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Trump mulls 35% tariffs on Japan, may not extend July 9 tariff deadline

US President Donald Trump hit the newswires hot and fast on Tuesday, mulling over the possibility of adding additional tariffs on Japan and not extending the self-imposed July 9 deadline on the currently-suspended reciprocal tariffs.

Key highlights

Trump: Not thinking about extending July 9 deadline.

Doubt there will be a deal with Japan.

Japan could pay 30% or 35% tariff.

Possibly will have a deal with India.

Have two or three top choices for Federal Reserve (Fed) Chair.

USD/CHF steadies, Trump’s tax bill clears Senate, while Hammer Candle signals possible reversal

The Swiss Franc (CHF) is steadying against the US Dollar (USD) after recording a new YTD low on Tuesday.
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USD/JPY Price Forecast: Dips to 4-week lows, before trimming some losses

The USD/JPY posted mild losses of 0.17% after hitting a new four-week low of 142.68, sponsored by upbeat economic data in Japan.
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