ECB Pres. Lagarde: We will cut rates soon, barring any major surprises

• ECB Pres. Lagarde speaking on CNBC

Fed Gov. Jefferson: If inflation is more persistent, holding rates in place for longer

• Fed Gov. Jefferson speaking

ECB's Rehn reaffirms June rate cut if there are no inflation setbacks

• Remarks by ECB policymaker, Olli Rehn

Heads up for European Central Bank's Nagel speaking Tuesday

• During the US afternoon

Federal Reserve Chair Powell speaks Tuesday. Also Williams, Jefferson, Barkin

• Powell will be joined by Bank of Canada Governor Macklem

Bank of England's Lombardelli (next Deputy Governor for Monetary Policy) speaks on Tuesday

• Role begins on July 1 but she takes questions from parliamentarians today

Chinese state banks are in the spot market seen selling dollars for CNY

• Intervention to prop up the yuan

PBOC sets USD/ CNY mid-point today at 7.1028 (vs. estimate at 7.2475)

• In setting the reference rate so far from where the market is trading the PBoC is trying to support the weak yuan

Japan chief cabinet secretary Hayashi - Prepared to take all measures on fx

• Hayashi with the more forthright remarks

Fed's Daly getting with the jargon now, says doesn't know if r* has risen

• r* is the neutral rate of interest

PBOC is expected to set the USD/CNY reference rate at 7.2475 – Reuters estimate

• The PBoC is consistently setting the rate much lower than this to support the yuan

Fed's Daly says inflation bumps along the way are not particularly surpsising

• Fed officials playing down inflation 'bumps' is the new 'transitory'.

Japan finance minister Suzuki is closely watching FX moves

• Our daily dose of Suzuki comments setting up a BTD for USD/JPY

Stop with the USD/JPY Numberwang intervention level guesses - do this instead

• Here's what to watch to get a heads up on BOJ yen intervention. Stop picking random numbers.

Fed rate cut expectations - Société Générale expect no interest rate cut in 2024

• And, from Barclays, project a cut from the FOMC in December 2024, from September previously

Bank of Japan to place less emphasis on inflation rate when setting monetary policy

• The Bank of Japan is shifting to a more discretionary approach

Fed's Williams: Overall economy will continue to grow this year around 2%

• Comments from the NY Fed President

ECB's Lane: Deceleration in wage growth is necessary to get inflation to target

• Comments from the ECB chief economist

ECB's Kazimir: ECB can cut rates in June given persistent fall in inflation

• Kazimir on the wires

ECB's Rehn: Rates can be lowered in June if inflation slows as expected

• More of the same from the ECB

Bank of Japan could hike rates regardless of its inflation forecasts - report

• The Bank of Japan is shifting to a more discretionary approach in setting policy

ECB's Simkus: Rate cut is also possible in July

• Simkus looking beyond June

Japan finance minister Suzuki says watching FX moves closely

• Suzuki trotting out some verbal intervention to propr up the hapless yen

Federal Reserve Bank of Dallas President Lorie Logan is speaking soon, at 0630 GMT

• Logan spoke last week. Not dovish.

European Central Bank chief economist Philip Lane is speaking on Monday