A Trump administration official:

  • says Japan will increase purchases of agricultural products such as rice.

  • There are no changes to other current sectoral tariffs in the U.S.-Japan deal.

  • U.S. tariffs on Japanese autos and auto parts will total 15%.

Earlier:

Nikkei higher:

USD/JPY has been choppy, yen losing some ground now:

usdyen 222222222222 23 July 2025 2
Source: Forex Live