Bank of Japan Signals Rate Flexibility Amid Yen Volatility 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Australia Bans Card Payment Surcharges Starting October 2025 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: National Australia Bank’s business confidence index rose to 11 in December and business condition index rose to 13.
Upcoming:
- France: Fourth quarter GDP report will be released at 6:30 GMT, followed by consumer spending report at 7:45 GMT.
- Switzerland: December trade balance report will be released at 7:00 GMT, followed by KOF leading indicator at 8:00 GMT.
- Spain: Fourth quarter GDP report will be released at 8:00 GMT.
- Italy: Consumer and business confidence report will be released at 9:00 GMT.
- United Kingdom: Consumer credit and money supply reports will be released at 9:30 GMT. BoE governor Carney is scheduled to speak at 15:30 GMT.
- Portugal: Consumer and business confidence report will be released at 9:30 GMT, followed by unemployment report at 11:00 GMT.
- Greece: December producer price inflation report will be released at 10:00 GMT.
- Eurozone: Fourth quarter GDP report will be released at 10:00 GMT, along with sentiment reports.
- Germany: Consumer price inflation report will be released at 13:00 GMT.
- United States: S&P Case-Shiller home price report will be released at 14:00 GMT.
- Japan: Industrial production reports will be released at 23:30 GMT.
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