Watch risk here: VP Le said nothing more he can do .. Now down to Xi and Trump (bears capping USD/JPY gains)

Fox’s Edward Lawrence via twitter said that Chinese VP told USTR Lighthizer & treasury sec Mnuchin there is nothing more he can do.

• Trade sources say Chinese vice premier told us trade representative Robert Lighthizer & treasury sec Mnuchin there is nothing more he can do. he told them now it’s up to president trump and president Xi to work this out. tariffs will increase as of now.
• President Trump and president Xi are expected to have a phone call. the vice premier told theU.S. delegation it is up to the world leaders now.