The latest from the WSJ
The US and China have tentatively scheduled another round of trade talks as they aim to close out trade talks and sign a deal in late May or early June, according to the WSJ.
Lighthizer will travel to Beijing on April 29 and his counterpart Liu He will travel to Washington a week later.
Talks are continuing, and U.S. and Chinese officials have missed previous deadlines aimed at finishing a deal. But if the senior officials succeed in reaching an accord, then officials from both countries could spend a couple of weeks wrapping up the agreement's text and legal language before a hoped-for presidential signing ceremony as soon as Memorial Day, the person said.
This is just breaking and it's a good sign but I believe the market has already priced in a deal. If anything, the complete lack of a market reaction to the headlines says that a deal is completely priced in.
Update: Now there is a bit of upside in USD/JPY but only a half-dozen pips.
