BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
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 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
 - EconoTimes)
US ISM non-manufacturing index is scheduled to be released on Wednesday and expectations are for the index to have edged slightly lower to 55.1 from a reading of 55.3 in the previous month.
While the ISM manufacturing index is important for market sentiment, it is also likely to gather Fed attention as it accounts for a larger share of the economy. Apart from ISM non-manufacturing on Wednesday, focus shall also be on the January jobs report due Friday.
"We expect ISM manufacturing has hit the bottom and that the index will rebound slightly in the coming months. However, the index will probably stay weak as the manufacturing sector still suffers from a combination of the very strong USD, the slowdown in manufacturing globally (China) and the lower activity in the US energy sector." notes Danske Bank in a research note to clients.
