One day after the infamous handshake...
An honor to host Prime Minister @AbeShinzo in the United States. pic.twitter.com/f6TvfZ6sMj
— President Trump (@POTUS) February 10, 2017
... and following some leisurely entertainment on Saturday morning in Palm Beach...
Having a great time hosting Prime Minister Shinzo Abe in the United States! https://t.co/Fvjsac89qS https://t.co/OupKmRRuTI pic.twitter.com/smGrnWakWQ
Trump met with Shinzo Abe friday, the famous inflationist Prime Minister of Japan. The issue in question is if Trump will label Japan a 'currency manipulator' - whatever that means. It seems to be the equivalent of 'Currency Headwinds' in publicly traded companies. Because, every currency is manipulated! The only currency in use today that's not manipulated, is Bitcoin and the Bitcoin alternatives (Author's note: Bitcoin is actually really useful, try it here). From Bloomberg:
Update: the notable statements from Trump's prepared remarks:
It is not clear what sparked the algos, but one of those keywords launched a mini USDJPY buying spike.
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President Trump may be up to something “big” in the Asia Pacific region while he distracts the public with his Tweets. Russian political commentator Dmitri Kosyrev suggests that Defense Secretary’s James ‘Mad Dog’ Mattis’ visits to South Korea and Japan are prelude to Trump revealing a “big” foreign policy strategy that is mainly geared toward China and trade. Sputnik reports: It appears that US President Donald Trump is up to planning a “big game” in Asia-Pacific, Rossiya Segodyna political commentator Dmitri Kosyrev believes.
From reports that Japan's giant pension fund, the GPIF, will invest in US infrastructure, to promises that Japan will present a "package" to create 700,000 US jobs, there is a distinct smell of appeasement and nervousness oozing out of Japan Prime Minister Shinzo Abe's every pore two days before his summit meeting, golf game and dinner with Donald Trump on Friday (it is unclear who will pay for Abe's trip, and it could be an issue).