BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
Indonesia Passes New Central Bank Law, Raising Investor Concerns Over Policy Independence 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: June trade balance came at $41.61 billion with imports rising by 14.1 percent and exports rose by 11.3 percent.
- Japan: Industrial production up 4.2 percent y/y in May.
Upcoming:
- Germany: Wholesale inflation report will be released at 6:00 GMT.
- Spain: HICP inflation report will be released at 7:00 GMT.
- Switzerland: PPI inflation report for June will be released at 7:15 GMT.
- United Kingdom: BoE member Cunliffe is set for a speech at 11:00 GMT.
- United States: Terms of trade report will be released at 12:30 GMT. Michigan consumer sentiment report will be released at 14:00 GMT. FOMC member Bostic is set for a speech at 16:30 GMT.
