Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
RBNZ Holds Rates at 2.25% as Middle East Conflict Fuels Inflation Concerns 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: December producer price inflation came at 4.9 percent y/y. Consumer price inflation rose 0.3 percent in December, up 1.8 percent from a year ago.
Upcoming:
- France: November industrial output report will be published at7:45 GMT.
- United Kingdom: Manufacturing and industrial production report will be published at 9:30 GMT, along with trade balance.
- United States: MBA mortgage applications report will be released at 12:00 GMT, followed by terms of trade report at 13:30 GMT. Fed’s Evans is scheduled to speak at 14:00 GMT. EIA will release weekly oil inventory report at 15:30 GMT. Fed’s Bullard is scheduled to speak at 18:30 GMT.
- Auction: The U.S. will auction 10-year note at 18:00 GMT.
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