China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings up 0.7 percent y/y in December.
Upcoming:
- Japan: Leading economic index and coincident index will be updated at 5:00 GMT.
- Germany: December industrial production report will be released at 7:00 GMT.
- France: December trade balance report will be released at 7:45 GMT.
- China: China might announce Forex Reserve details today at 8:00 GMT.
- United Kingdom: Halifax house price report will be released at 8:00 GMT.
- Switzerland: December Forex Reserve report will be released at 8:00 GMT.
- Italy: Retail sales report will be released at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 12:00 GMT. Fed’s Dudley is scheduled to speak at 13:30 GMT, Evans at 15:15 GMT, and Williams at 22:20 GMT. EIA will release crude oil inventory report at 15:30 GMT.
- New Zealand: RBNZ will announce rate decision at 20:00 GMT, followed by a press conference at 21:00 GMT.
- Japan: December trade balance report will be released at 23:50 GMT.
- Auction: The U.S. will auction 10-year note at 18:00 GMT.
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