Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 23rd of July. Here is what to look out for today.

Sentiment
President Donald Trump said he reached a trade deal with Japan that will set tariffs on Japanese imports at 15% and see the key American ally invest $550 billion into the US. Japanese Prime Minister Shigeru Ishiba has decided to step down, the Yomiuri newspaper reports, without saying who provided the information. Bank of Japan Deputy Governor Shinichi Uchida indicated there’s little immediate need to raise the benchmark interest rate in a speech delivered shortly after US President Donald Trump announced a trade deal with Japan. An auction of 40-year government notes in Japan drew a demand ratio that was lower than its 12-month average of 2.48. The bonds yielded 3.375% vs 3.135% in the prior offering; compared with highest yield of 3.35% estimated in a survey The bid-to- cover ratio fell to 2.13 from 2.214 in the previous sale in May US Treasury Secretary Scott Bessent said he will meet his Chinese counterparts in Stockholm next week for their third round of trade talks aimed at extending a tariff truce and widening the discussions.