Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 16th of January. Here is what to look out for today.

Sentiment
Japanese Finance Minister Katayama says she’s concerned about the yen’s recent weakness and notes an agreement between the finance minister of Japan and the US Treasury Secretary includes possible currency intervention Oil steadied after its biggest decline since June as the US indicated it would hold off on attacking Iran for now. A record trade surplus racked up by China is washing up around the world, as export earnings that once ended up in state coffers instead fund massive private purchases of overseas securities and business expansion abroad. Several Federal Reserve officials speaking Thursday signaled a willingness to pause interest-rate cuts at their upcoming policy meeting, citing a labor market that appears to be stabilizing and ongoing inflation pressures.

Docket
02:00 ET
German CPI
YoY – Forecast: 1.8% | Prior: 1.8% | Range: 1.8% / 1.8%
MoM – Forecast: 0% | Prior: 0% | Range: 0% / 0%
HICP YoY – Forecast: 2% | Prior: 2% | Range: 2% / 2%
HICP MoM – Forecast: 0.2% | Prior: 0.2% | Range: 0.8% / 0.2%