Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Oil Prices Ease as US-Iran Tensions Keep Brent on Track for Weekly Gain 
China Set to Hold Benchmark Lending Rates Steady for 15th Month 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
US Treasury Doubles Long-Term Bond Buybacks as Yields Surge 
Fed Minutes Signal Rate Hikes Remain Possible as Inflation Risks Persist 
US Debt Tops $40 Trillion as Global Borrowing Costs Surge 
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Not many economic data and events scheduled for today but some with high volatility risks associated.
Upcoming:
- Germany: HICP inflation readings for April will be released at 6:00 GMT, along with first quarter flash GDP report.
- Japan: Machine tools orders report will be released at 6:00 GMT.
- France: First quarter non-farm payroll report will be released in the first quarter.
- Spain: Flash HICP inflation report will be released at 7:00 GMT.
- Eurozone: Industrial production report for March will be released at 9:00 GMT.
- United States: Retail sales report for April will be released at 12:30 GMT. Consumer price inflation report will also be released at 12:30 GMT. Flash Michigan consumer sentiment report will be released at 14:00 GMT.
