Morning Juice – Europe Session Prep

Good Morning Traders! This Thursday we get the ECB’s Economic Bulletin, UK CBI numbers and American Airline earnings.

Here is what to expect for the day.

Sentiment

The Bank of Japan is expected to hold interest rate settings unchanged on Friday, with the yen’s drop to a new 34-year low this week increasing the likelihood that the bank would ease policy.

For the first time in more than three decades, the yen fell above 155 per dollar, raising the possibility that Japan may enter the market at this level.

Analysts raised their projection for China’s growth this year following a stronger-than-expected first quarter, but they see further indicators that the world’s second-largest economy would struggle to overcome deflationary forces.

Demand for Treasuries remains strong as the US government issues more than $180 billion in new paper this week, demonstrating the attractiveness of higher yields for shorter-term notes.

Docket

04:00 ET 
ECB Publishes Economic Bulletin

06:00 ET
UK CBI Distributive Trades
Median Forecast -2.5 | Prior 2

Good Luck today, Traders!