GBP/EUR: Will UK Manufacturing & Industrial Production Drag Pound Lowe
  • Brexit affects sentiments.
  • US stimulus package blocked by Trump.
  • BoJ minutes released, tweaking of bond-buying suggested.
  • US session awaits Durable Goods data and weekly jobless claims.

USD/JPY sheds most of the yesterday gains and trades near 103.40 as the worries surrounding coronavirus, US fiscal stimulus and Brexit play out.

The Brexit-deal talks haven’t progressed much as the differences over the issue of fisheries persist.

The US Congress passed the fiscal stimulus bill, after a long wait and negotiations stretching many months, but the US President soured the mood by refusing to sign the bill and asking the lawmakers to change the contents. He opined that the bill contains many wasteful items, and lawmakers should increase the proposed payment of 600 dollars to 2000 dollars.

The greenback trades weak while its major competitors are selling within familiar ranges.

The Bank of Japan published the minutes of its latest meeting, and it suggests fiddling with the current bond-buying program to enhance long-term sustainability. Japan’s October Leading Economic Index rose to 94.3, while the Coincident Index fell to 89.4.

During the US session, traders will eye November Durable Goods Orders, expected to rise by 0.6 Percent and Initial Jobless Claims for the week ended December 18, expected to clock 885K.