Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 18th of November. Here is what to look out for today.

Sentiment
Japanese Prime Minister Sanae Takaichi faces mounting pressure to soften her stance on Bank of Japan policy and unveil an economic package with a credible funding plan as the yen and government bonds lose ground ahead of her meeting with BOJ Governor Kazuo Ueda. Japan’s Finance Minister strengthened her warning over the yen’s slide as the currency fell past the 155-per-dollar level, as reports of a larger-than-expected economic package fuels the view that Prime Minister Sanae Takaichi’s pro-stimulus stance may slow Bank of Japan rate hikes. Federal Reserve Governor Christopher Waller repeated his view that the central bank should again lower interest rates when policymakers meet in December, citing a weak labor market and monetary policy that is hurting low- and middle-income consumers. Australia’s central bank board members discussed the implications of a recent spike in inflation, the outlook for the labor market and whether monetary policy was still restrictive when deciding to leave interest-rate settings unchanged this month, minutes of its Nov. 3-4 meeting showed. Notices of impending mass layoffs by US companies surged in October to among the highest levels on record, according to a tally by Federal Reserve Bank of Cleveland researchers.

Speakers
06:00 ET
ECB’s Dolenc appears at press conference after annual consultations with IMF.