Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
This week is a quiet one, both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
Federal Reserve will release minutes of meeting at on Wednesday and the European Central Bank (ECB) will release accounts of meeting on Thursday.
- Economic data:
UK inflation report on Tuesday and unemployment report on Wednesday. Eurozone GDP report on Wednesday and inflation report on Thursday. US retail sales report on Tuesday. Canada inflation report on Friday.
- Geopolitics:
Japan’s foreign minister Taro Kono and defense chief Itsunori Onodera are expected to visit Washington on Thursday to meet with Jim Mattis, US defense secretary, and Rex Tillerson, the secretary of state, to discuss the growing threat of North Korea.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East and Korean peninsula are likely to keep influencing the market.
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