Statista - Distribution of countries with largest stock markets worldwide as of January 2022, by share of total world equity market value https://t.co/9ThOATo2Mi
Several Fed members indicated that broad evidence is needed to see the inflation is down before the rate hike can be lessened. But the rate hike should not bring in a peak of unemployment. Watch inflation and unemployment indicators carefully.
Intraday EUR/JBP consolidating just above critical support level at 0.8400. The market has largely priced in risks facing EUR and 25 bps rise in interest rate of ECB. How ECB will increase the rate may decide whether 0.8400 will break down or not.
BOJ monetary policy minutes: to continue with easing monetary policies. The world economy is improving although still under the downward pressure caused by the pandemic, supply-side problems, lockdown of China, Russia-Ukraine war, and high commodities prices.