Money Flows before the start of the European trading

There are no major market movements at the moment, but the yen is slightly weaker against the backdrop of high bond yields.

This week's upward and downward movements in the bonds are mainly related to positioning, as all eyes are on the Fed and the Jackson Hole Symposium.

Looking ahead, there is not a lot of economic data in the European Session to cloud the waters, so we just keep an eye on trade and Brexit. Otherwise, sentiment risk remains a key factor and as such, keep your eyes on the bond market.

The session in Asia followed losses in the US and Europe on Tuesday, where Italy's emerging political crisis made a breakthrough in investor sentiment. This leads us to believe that negative sentiment will also be brought to Europe, where sentiment is still grim.

Italian Prime Minister Guiseppe Conte has announced his intention to resign - he was pressured after one of the country's deputy prime ministers, Mateo Salvini, called early elections.

Markets are trading in a wave of information, awaiting guidance from central bankers at the end of the week.

The US Central Bank lowered its interest rate by a quarter in July for the first time in a decade. Bank President Jerome Powell will make a statement Friday in Jackson Hole, where he is expected to shed more clarity on Fed's future plans.

His comments will be closely monitored for further interest rate cuts, such as preventive action against the threat of a trade war. Traders suspect that the central bank will again cut interest rates in the country in September. By how much or whether it is just speculation or not we hope Powell explains.

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