US and China negotiators aiming for a signing ceremony in late May or early June – report

US and China negotiators aiming for a signing ceremony in late May or early June – report Author: Adam Button | Category: News

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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.
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