Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
Not many economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: Consumer price index rose by 0.5 percent in the fourth quarter, up 1.5 percent from a year ago. RBA trimmed mean CPI rose 1.6 percent from a year ago.
Upcoming:
- Switzerland: UBS consumption indicator will be published at 7:00 GMT.
- France: Business climate data for January will be published at 7:45 GMT.
- Germany: IFO sentiment report that includes current assessment, expectations, and business climate will be published at 9:00 GMT.
- Italy: Industrial sales and orders data for November will be published at 9:00 GMT, followed by trade balance details at 10:00 GMT.
- United Kingdom: CBI industrial trends survey details will be published at 11:00 GMT.
- United States: MBA mortgage details will be published at 12:00 GMT, followed by house price index for November at 14:00 GMT. EIA will release weekly crude oil inventory report at 15:30 GMT.
- New Zealand: Consumer price index for the fourth quarter will be published at 21:45 GMT. RBNZ governor Wheeler is scheduled to speak at 23:00 GMT.
- Japan: Corporate service prices data will be published at 23:50 GMT.
- Auction: Germany will auction 30-year bond today.
