Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Fed Minutes Signal Rate Hikes Remain Possible as Inflation Risks Persist 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
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Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- China: December trade balance came at $54.69 billion with exports rising 10.9 percent y/y and imports rising 4.5 percent y/y.
Upcoming:
- France: Consumer price inflation report will be published at 7:45 GMT.
- Spain: HICP inflation report will be released at 8:00 GMT.
- Italy: November industrial output numbers will be released at 9:00 GMT.
- Greece: CPI inflation report will be released at 10:00 GMT.
- United States: retail sales report will be released at 13:30 GMT, along with consumer price inflation report for December.
- Germany: Bundesbank President Weidmann is scheduled to speak at 16:30 GMT.
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