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Trump administration considers allowing tariffs of up to 15% for 150 days – WSJ

Citing people familiar with the matter, the Wall Street Journal (WSJ) reported late Thursday, “US President Donald Trump's administration is considering an existing law that includes language allowing for tariffs of up to 15% for 150 days.”

“The administration has not made a final decision and it could wait to impose any plans,” the WSJ reported.

Australian Dollar remains subdued as monthly Retail Sales fall in April

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, retracing its recent gains from the previous session. The AUD/USD pair remains subdued following the release of disappointing economic data from Australia.
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Japanese Yen bulls regain control as strong Tokyo CPI reaffirms BoJ rate hike bets

The Japanese Yen (JPY) attracts strong follow-through buying for the second straight day on Friday and recovers further from a two-week low touched against its American counterpart the previous day.
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