BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
Sizable economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: PPI inflation declined to 1.9 percent y/y in Q1. Australia’s terms of trade report improved in Q1 with the export price rising 4.5 percent q/q, while the import price index declined by 0.5 percent.
Upcoming:
- France: Consumer confidence report due at 6:45 GMT.
- Switzerland: SNB chairman Jordon is set for a speech at 8:00 GMT.
- United Kingdom: BBA mortgage approval report due at 10:00 GMT.
- United States: Q1 flash GDP report due at 12:30 GMT, followed the Michigan consumer confidence report at 14:00 GMT.
