Japan economy minister Akazawa 2

Japan's chief trade negotiator Akazawa says there is no change in Japan's stance and they continue to want a full reprieve from US tariffs. Now there is somewhat of an incentive to take a hawkish public stance here as Japan could be headed for a snap election at any point as Prime Minister Shigeru Ishiba holds a minority in the lower house.

There is also the House of Councillors election that must be held by July 22.

That all makes it very tough to negotiate.

Source: Forex Live