Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 23rd of June. Here is what to look out for today.

Sentiment
The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.

Japan’s Finance Minister Satsuki Katayama said she had talks over the phone with US Treasury Secretary Scott Bessent, a move that only gave the yen a short-lived boost as it hovers near the weakest level in four decades.

Japan’s 5-year government bond auction saw weaker demand than its 12-month average. The bid-to-cover ratio was 3.11 vs 3.22 at the last auction; 12-month average is 3.47. The tail was 0.06 vs 0.04 for prior sale.

Oil steadied after falling more than 3% in the previous session following early progress in peace talks over the Iran war, which included a US waiver allowing some sales from the Islamic Republic