Trump wants to package tax reform and infrastructure deal

LiveSquawk report citing axios.com stating the “Trump administration is looking at driving tax reform and infrastructure concurrently.” 

Infrastructure plan was to be kept until next year, but the Trump administration decided to club it with tax plans mainly due to last week’s healthcare debacle. 

Trump needs fast victories and infrastructure spending is something that would get support from Democrats and hardliners as well. 

Fed’s Kaplan sees no systemic risk from stock market valuations

Fed’s Kaplan was back on the wires stating there is no systemic risk from the stock market valuations. Key quotes Fed might tailor its balance sheet
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USD/JPY: eyes for 111 handle albeit recovery capped by 110.80 resistance

Currently, USD/JPY is trading at 110.72, up 0.05% on the day, having posted a daily high at 110.84 and low at 110.56. Wall Street drops amid raising
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