Talking Points:
• The announcement of a snap election in Japan and uptick in UK CPI generated less impact than expected
• Well-established themes - like Japan policy uncertainty and BoE rate downgrades - need more motivation
• We discuss the importance of an upcoming round of event risk for the Dollar, Pound and Yen
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Another round of high profile event risk is scheduled for the upcoming session, but the last wave didn't generate the kind of impact expected. Though they would tap into important and active fundamental trends, the UK inflation reports and news of Japan's snap election did little to further the Pound and Yen crosses respectively. Meanwhile, a sentiment survey leveraged a hefty move from the Euro. Will the collection of the FOMC minutes, BoE minutes and BoJ rate decision generate more heat - and in the expected direction - through the upcoming session. We discuss the market's motivations in today's Trading Video.
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