Morning Juice – US Session Prep (1st December)
Sentiment
The dollar sank, pushed by a stronger yen and increased expectations that the Bank of Japan may hike interest rates later this month. Treasury yields climbed, pushed up by Japanese government bonds.
USD/JPY dropped as much as 0.6% to 155.20, its lowest in over two weeks, as Bank of Japan Governor Kazuo Ueda issued the clearest suggestion yet that his board may soon hike rates, highlighting the prospect of a move at the BOJ’s December 19th meeting.
Docket
09:45 ET
US S&P Manufacturing PMI Final for November
Forecast: 51.9 | Prior: 51.9 | Range: 52 / 51.8
10:00 ET
US ISM Manufacturing for November
PMI – Forecast: 49 | Prior: 48.7 | Range: 50 / 47
Speakers:
9:30 ET
BoE’s Green speaks on CNBC
10:30 ET
BoE’s Dhingra speaks at the UK Trade Policy Observatory annual conference
13:00 ET
White House Press Briefing
16:00 ET
Trump signs a Congressional Bill
Closed press event
16:10 ET
RBNZ at the select committee to discuss the annual review
Good Luck!
