Morning Juice – Europe Session Prep

Good Morning traders.
It is Monday the 22nd of December. Here is what to look out for today.

Sentiment
Japan’s chief currency official sent a warning on recent foreign exchange moves, after the yen weakened against the dollar following Friday’s Bank of Japan decision Federal Reserve Bank of Cleveland President Beth Hammack said monetary policy is in a good place to pause and assess the effects of 75 basis points of rate cuts in the economy during the first quarter. The Chinese yuan’s appreciation since April is unfolding at just the right pace to neutralize any benefits from holding higher- yielding dollars – and puts it on course to hit 7 against its US counterpart by the end of March next year. US special envoy Steve Witkoff said Trump administration officials held “productive and constructive” meetings with Ukrainian and European counterparts in Florida as part of ongoing efforts to end the war. Oil rose as President Donald Trump intensified a blockade on Venezuela, with US forces boarding one tanker and pursuing another within weeks of first capturing a vessel.

Docket
02:00 ET
UK GDP
QoQ – Forecast: 0.1% | Prior: 0.1% | Range: 0.1% / 0%
YoY – Forecast: 1.3% | Prior: 1.3% | Range: 1.3% / 1.1%