Morning Juice – Europe Session Prep
Good morning, Traders!
It is Thursday, the 23rd of January. Here is what to expect for the day.
Sentiment
The BoJ is largely expected to raise its benchmark rate by the largest in 18 years on Friday, signalling more confidence in inflation’s long-term sustainability as it moves towards normalisation.
Japan’s exports increased for the third consecutive month in December, boosted by a weaker Yen, as firms awaited more clarity on US trade policies during Trump’s second term.
South Korea’s economy continued to stall last quarter after President Yoon Suk Yeol’s brief declaration of martial law harmed consumer confidence, just as businesses and policymakers were already concerned about the likelihood of Trump imposing trade penalties.
Oil fell after industry data showed the first increase in US oil stockpiles since mid-November, as investors awaited Trump’s further assurances on global trade.
Good luck!
