BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead 
Singapore Raises 2026 GDP Growth Forecast as AI Demand Fuels Economy 
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy 
Wall Street Slips as Oil Prices Surge 5% on Iran-Hormuz Uncertainty 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
This week is pretty light in terms of data and events, but there are certain economic data and events scheduled that can trigger high volatility.
What to watch for over the coming days:
- Central banks:
Several Federal Reserve speakers are lined up to share their views this week. Fed’s Robert Kaplan is scheduled to speak on Monday, Williams and Bullard are scheduled to speak on Tuesday, Brainard is scheduled to speak on Wednesday, and on Friday, Evans, Lacker, Powell, Yellen, and Fischer are scheduled to speak. Bank of Canada (BoC) will announce interest rate decision on Wednesday.
- US data:
GDP price index and PCE price index on Tuesday. Personal income and spending numbers on Wednesday. ISM manufacturing PMI on Wednesday and non-manufacturing PMI on Thursday.
- China data:
PMI reports on Wednesday.
- Trump:
US President Donald Trump is scheduled for his first speech to the US congress. Investors would be looking for more details on his economic plans going ahead.
