Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Asian Currencies Hold Steady as Strong U.S. Inflation Data Boosts Dollar 
Trump, Xi Begin High-Stakes China Summit Focused on Trade, Taiwan and Global Tensions 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
U.S. Urges China to Help Curb Iran’s Actions in Gulf, Rubio Says 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
ASX Names Former Euronext Executive Anthony Attia as New CEO 
Asian Stocks Edge Higher as Tech Shares Rise Ahead of Trump-Xi Beijing Summit 
Trump and Xi Temple of Heaven Visit Highlights Trade and Diplomacy Goals 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Consumer price inflation rose by 1.2 percent y/y in April. Producer price inflation is up 6.4 percent.
Upcoming:
- Japan: Coincident index and leading economic index will be updated at 5:00 GMT.
- France: Trade balance for March will be reported at 6:45 GMT, along with Industrial output data and current account balance.
- Italy: Italy will release March Industrial output report at 8:00 GMT.
- Greece: Industrial production report for March will be reported at 9:00 GMT, along with consumer price inflation report.
- Portugal: March trade balance report will be released at 10:00 GMT, along with first quarter unemployment report.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by terms of trade for April. EIA will release weekly crude oil inventory report at 14:30 GMT. Fed’s Rosengren is scheduled to speak at 16:00 GMT. April budget details will be reported at 18:00 GMT.
- New Zealand: RBNZ will announce interest rate decision at 21:00 GMT.
- Japan: March trade balance report will be released at 23:50 GMT.
- Auction: U.S. will auction 10-year note at 17:00 GMT.
