Morning Juice – Europe Session Prep
Good Morning Traders.
It is Friday, the 18th of July. Here is what to look out for today.
Sentiment
Japan’s key price index cooled somewhat more than predicted despite remaining considerably above the BoJ’s target, putting pressure on PM Ishiba to appease voters as he prepares for Sunday’s national election.
According to Finance Minister Kato, Japan has warned the Group of 20 that tariffs are not the best solution to correct imbalances, and that countries experiencing such problems must address them through internal initiatives.
Fed’s Waller said policymakers should decrease interest rates this month to help a weak labour market.
On Thursday, Congress provided a watershed moment for the crypto industry by enacting the first federal law to regulate stablecoins, paving the route for the technology’s widespread application in everyday finance.
Investors are prepared for a probable triple fall in Japanese bonds, stocks, and the Yen following Sunday’s upper house election, with polls indicating a defeat for PM Ishiba’s Liberal Democratic Party.
