Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
Indian Cotton Yarn Exports Surge as China Demand Rises Amid Global Supply Disruptions 
U.S.-Iran Conflict Stalls as Diplomatic Efforts Collapse and Global Oil Tensions Rise 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
RBA's Hauser Flags Uncertainty on Rate Settings Amid Iran War Economic Risks 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Gold Prices Edge Higher on Weak Dollar but Face Weekly Loss Amid Oil-Driven Inflation Fears 
U.S.-Iran Tensions Escalate as Strait of Hormuz Crisis Disrupts Global Oil Markets 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Upcoming:
- Germany: Consumer prices for December will be released at 7:00 GMT.
- United Kingdom: Unemployment report will be released at 9:30 GMT.
- Eurozone: Consumer price inflation number for December will be released at 10:00 GMT, along with construction output for November.
- United States: MBA mortgage application details will be published at 12:00 GMT, along with consumer price inflation for December. Redbook index details will be published at 13:55 GMT, followed by industrial production at 14:15 GMT, and NAHB house price index at 15:00 GMT. Fed will release Beige book at 19:00 GMT. Chair Yellen is scheduled to speak at 20:00 GMT.
- Canada: BoC will release monetary policy report at 15:00 GMT, followed by press conference at 16:15 GMT.
- New Zealand: Business PMI number will be published at 21:45, along with building permits data for November.
