ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
Bank of Japan Eyes April Rate Hike Despite Inflation Dip, ING Says 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: June trade balance came at $41.61 billion with imports rising by 14.1 percent and exports rose by 11.3 percent.
- Japan: Industrial production up 4.2 percent y/y in May.
Upcoming:
- Germany: Wholesale inflation report will be released at 6:00 GMT.
- Spain: HICP inflation report will be released at 7:00 GMT.
- Switzerland: PPI inflation report for June will be released at 7:15 GMT.
- United Kingdom: BoE member Cunliffe is set for a speech at 11:00 GMT.
- United States: Terms of trade report will be released at 12:30 GMT. Michigan consumer sentiment report will be released at 14:00 GMT. FOMC member Bostic is set for a speech at 16:30 GMT.
