Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 28th of April. Here is what to look out for today.

Sentiment
The Bank of Japan left its benchmark interest rate unchanged in a split vote that increased the likelihood of a hike in June and pushed the yen higher. The 6-3 vote represents the biggest divide under Kazuo Ueda’s governorship, suggesting swelling pressure to normalize policy. The White House said US officials were discussing Iran’s latest proposal but maintained “red lines” on any deal to end the eight- week war, including preventing Tehran from obtaining a nuclear weapon. Oil edged higher as traders weighed the next steps toward peace talks over the Iran war, with the US discussing a proposal from Tehran while the crucial Strait of Hormuz remained almost impassable. Any hope that Keir Starmer had of putting aside the Peter Mandelson saga will have to wait as the British prime minister braces for another day of parliamentary inquiry into his disastrous appointment of Mandelson as ambassador to the US Recent shifts in US tariff policy may add $1.1 trillion to federal budget deficits over a 10-year period, though exact calculations aren’t yet possible, according to the director of the nonpartisan Congressional Budget Office.

Docket
04:00 ET
ECB CPI Expectations