Morning Juice – Europe Session Prep

Good morning, Traders.
It is Friday, the 25th of October, here is what to expect for the day.

Sentiment

Even after the yen dropped to a nearly three-month low, Governor Kazuo Ueda indicated the Bank of Japan will not raise interest rates next week, saying the central bank has time to think through its next course of action.

After cutting funding costs by the largest amount ever a month ago, China’s central bank maintained its one-year policy rate, indicating that policymakers are easing monetary stimulus to boost the economy.

As the nation prepares for a general election and the Bank of Japan considers data for its policy decision next week, Tokyo’s inflation rate dropped below 2% for the first time in five months, mostly as a result of energy prices.

According to Prime Minister Keir Starmer, Britons who receive extra income from stock ownership are not considered “working people,” implying that he is open to raising investor taxes.

As investors chase high yields despite Federal Reserve interest rate decreases, a rush into US money-market funds has driven the industry’s total assets to a record $6.51 trillion.

According to a top International Monetary Fund official, China’s recent flurry of fiscal measures is insufficient to address the deflationary concerns facing the second-largest economy in the world.

Good luck!