Is there another BOJ rate hike on the cards for this year?

• The sentiment surrounding that seems to be finely balanced at the moment, based on Reuters' latest poll of economists

BOE governor Bailey reaffirms that rate cuts this year is not unreasonable

• Bailey with comments to the Financial Times

Federal Reserve Chair Powell headlines Fed speakers Friday, also Jefferson, Barr, Bostic

• Powell spoke at length on Wednesday, today's remarks will be brief

USD has extended its gains during Asia, yen fighting back a little

• USD/JPY backing away from trying 152.00

China state banks seen buying yuan in onshore FX market

• Selling USD/CNY, intervention attempt

Bank of Japan Governor Ueda says BOJ JGB holdings will remain at current levels for now

• Ueda says won't comment on recent FX moves

ECB chief economist Philip Lane is speaking on inflation and monetary policy on Friday

• June is the consensus estimate for an ECBr ate cut - could they do a SNB though?

PBOC sets USD/ CNY reference rate for today at 7.1004 (vs. estimate at 7.2147 )

• Yesterday I said the PBoC would have welcomed the weaker USD after the FOMC. The USD regained it all overnight though.

PBOC is expected to set the USD/CNY reference rate at 7.2147 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Note for the diary - Federal Reserve Chair Powell to speak on March 29

• A speaking engagement just announced for Fed head Powell

Swiss National Bank rate cut has undermined the CHF, demoted to funding currency of choice

• HSBC are expecting continued underperformance of the Swissy after the SNB policy move

BOE's Bailey: It's reasonable that markets are pricing in rate cuts this year

• Comments from the Bank of England Governor

BOC's Gravelle: February inflation data was very encouraging

• Comments from the Bank of Canada deputy

BOC's Gravelle: We will continue process of normalizing balance sheet

• Gravelle on the BOC balance sheet

BOE leaves bank rate unchanged at 5.25% as expected

• The latest monetary policy decision by the Bank of England - 21 March 2024

SNB chairman Thomas Jordan says rate cut is not a parting gift

• Jordan is due to step down as Swiss central bank chairman in September

SNB cuts key policy rate by 25 bps to 1.50% from 1.75% previously

• The Swiss central bank announces its monetary policy decision for March 2024

BOJ governor Ueda says JGB holdings will remain roughly unchanged

• Ueda says that he won't describe it as being QQE though

Federal Reserve Vice Chair for Supervision Michael Barr speaks on Thursday

PBOC Deputy Governor expects around 8% nominal economic growth for China in 2024

• That'll pump up the demand for oil imports!

Bank of Japan Governor Ueda says massive stimulus had negative side effects

• Intervention type comments from Japan Chief Cabinet Secretary Hayashi also

Swiss National Bank policy decision due Thursday, 21 March 2024 - preview

• SNB monetary policy statement is due at 0830 GMT, which is 0430 US Eastern time

PBOC sets USD/ CNY reference rate for today at 7.0942 (vs. estimate at 7.1792 )

• PBOC CNY reference rate setting for the trading session ahead.

BoJ Governor Ueda says expects to maintain accommodative monetary policy for time being

• Bank of Japan Governor Ueda

Japan finance minister Suzuki says closely watching FX moves with a high sense of urgency

• There it is, rolling out the beginnings of verbal intervention