Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
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. 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
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.
