Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 12th of March. Here is what to look out for today.

Sentiment
Brent crude rallied back toward $100 a barrel after two tankers were attacked in Iraqi waters, underscoring the broader risks to energy assets across the Middle East and overshadowing a record oil release from the IEA. Iran has told regional intermediaries that for a ceasefire, the US must guarantee that neither it nor Israel will strike the country in the future, according to several officials familiar with the matter The yen is hovering near its weakest level of the year against the dollar, while traders see a higher threshold for official intervention this time around. After holding policy settings steady next week, the Bank of Japan will likely raise its benchmark interest rate in April, according to more than a third of surveyed economists Hedge funds are ramping up bullish bets on the Australian dollar in the options markets before next week’s central bank decision.

Docket
04:00 ET
IEA Monthly Report