Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 8th of August. Here is what to look out for today.

Sentiment
Federal Reserve Governor Christopher Waller is emerging as a top candidate to serve as the central bank’s chair among President Donald Trump’s advisers as they look for a replacement for Jerome Powell, according to people familiar with the matter. President Donald Trump said he had chosen Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor. The US confirmed it would end stacking of universal tariffs on Japan and cut car levies as promised, Tokyo’s top trade negotiator Ryosei Akazawa said after a meeting on Thursday with his counterparts in Washington. A Bank of Japan board member said the bank now needs to place more emphasis on the upside risks to prices, as they weigh on households’ sense of economic well-being. If price and economic outlooks are realized, the BOJ would continue to raise interest rate, one of nine board members said, according to the record released Friday from the July 30-31 meeting.