BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: BoJ kept monetary policy unchanged.
- China: Foreign Direct Investment (FDI) declines to 0.7 percent y/y.
Upcoming:
- Japan: BoJ Governor Kuroda’s press conference is scheduled at 6:30 GMT.
- Italy: April trade balance report will be released at 8:00 GMT.
- Eurozone: May CPI inflation numbers will be published at 9:00 GMT, along with first quarter Labor costs.
- United Kingdom: BoE will release quarterly bulletin at 11:00 GMT.
- United States: Building permits and housing starts numbers will be updated at 12:30 GMT, followed by Michigan consumer sentiment at 14:00 GMT. Fed’s Kaplan is scheduled to speak at 16:45 GMT.
