Japan data update. Not the focus.

Japan data 12 May 2025 2

The focus is US-China relations and Trump's move to lower drug prices to US consumers.

While we do not have any details on the US-China trade talks beyond the two side have agreed to meet further, at least its some sort of progress. The two sides will be issuing a joint statement that may contain some detail. The statement, they say, will be issued on Monday. Its Monday where I am so, yeah, get on with it!

On drugs:

Source: Forex Live