US Dollar Index declines below 99.00 on Trump's war comments, US CPI data in focus.US Dollar Index declines below 99.00 on Trump's war comments, US CPI data in focus

BOJ to raise interest rates next quarter with expectations unchanged by Middle East war.The Bank of Japan will keep its key interest rate at 0.75% next week but likely raise it to 1.00% by end-June, a Reuters poll found, expectations that are broadly unchanged from before ​the start of the U.S.-Israeli war against Iran.

US CPI data seen steady in February as markets assess Fed policy outlook.US CPI data seen steady in February as markets assess Fed policy outlook

investingLive Asia-Pacific FX news wrap: IEA propose largest-ever release of oil reserves.Oil markets remained a key focus during the Asia session as developments around the Strait of Hormuz and emergency energy policy discussions helped drive sentiment.

Rupee's recovery faces oil, equity outflow test; mixed Iran signals cloud outlook.The Indian rupee's recovery will face a test on Wednesday from choppy oil prices and foreign outflows from the country's equity market, ​with conflicting signals on a possible Iran de-escalation keeping traders cautious ‌on the currency's ability to hold past the 92-per-dollar mark.

RBA to Hike 0.25% in March, Follow-Up in May AlsoExpected.The RBA is now expected to hike rates 25bp in both March and May; this is a change from our previous view of a single hike in May with further hikes as a risk only. The expected peak cash rate is now 4.35%.

More economists expect RBA to raise rates next week.A growing number of economists, including from Westpac, National Australia Bank and Deutsche Bank, ​on Wednesday tipped Australia's central bank to raise interest rates ‌next week, following an inflation warning from a senior official a day earlier.

Japan import costs surge on weak Yen, fastest since July 2024.Japan's producer inflation moderated in February, offering some relief on the domestic cost front even as import prices surged. Producer Price Index rose 2.0% yoy, slowing from January's 2.3% pace and coming in slightly below market expectations of 2.1%.

Shares steady, oil turbulence deepens as Middle East war roils markets.Shares steadied on Wednesday following a brief retreat in oil prices, but ​markets remained anxious as contradictory signals from the U.S.-Israeli war on Iran left investors struggling to gauge its impact on global inflation and growth.

ECB's Lagarde says too much uncertainty to predict March rate decision.ECB President Christine Lagarde signaled that policymakers will remain vigilant against inflation risks stemming from the Iran war while avoiding hasty decisions in the face of heightened uncertainty. In an interview with France2, Lagarde said the ECB will ensure the conflict does not trigger the kind of inflation shock the Eurozone experienced after Russia's invasion of Ukraine.

Australian Dollar advances on growing RBA rate hike bets.Australian Dollar advances on growing RBA rate hike bets

Weak yen and oil shock cloud Japan inflation outlook -- PPI recap.Japan's wholesale inflation slowed for a third consecutive month in February as government fuel subsidies helped cushion companies from rising commodity costs, though economists warn the respite could prove temporary amid surging oil prices linked to Middle East tensions.

Currency market on tenterhooks as Iran war weighs on sentiment.The dollar held its ground on Wednesday as traders moved to the sidelines, awaiting ​cues on what comes next in the U.S.-Israeli war with Iran while mixed messages on a resolution to the conflict ‌kept sentiment frail.

Pound Sterling gains traction against softer USD; eyes US CPI report for fresh impetus.Pound Sterling gains traction against softer USD; eyes US CPI report for fresh impetus

WTI Oil Eases Further on Encouraging Signals.WTI oil extends pullback from Monday's 3 ½ year high ($119.44) on Tuesday, following unexpected and sharp change in the sentiment after President Trump said that war in the Middle East could end soon.

Goldman Sachs February CPI preview signals gradual inflation slowdown, not everyone agrees.Goldman Sachs expects U.S. inflation to show signs of cooling in February, with softer price pressures in several key categories likely to keep the overall CPI reading slightly below market expectations.

WTI trades below $82.00 as IEA plans record Oil reserve release.WTI trades below $82.00 as IEA plans record Oil reserve release

Japanese wholesale prices +2.0% y/y in February (2.1% expected).Japan PPI for February 2026, AKA corporate goods price index (CGPI), measures the price companies charge each other for their goods and services:

Japan Producer Price Index (MoM) below forecasts (0.1%) in February: Actual (-0.1%).Japan Producer Price Index (MoM) below forecasts (0.1%) in February: Actual (-0.1%)

Japan Producer Price Index (YoY) below expectations (2.1%) in February: Actual (2%).Japan Producer Price Index (YoY) below expectations (2.1%) in February: Actual (2%)

Lagarde speech: Degree of uncertainty and volatility is very surprising.Lagarde speech: Degree of uncertainty and volatility is very surprising

US forces destroy 16 Iranian minelayers near the Strait of Hormuz.US forces destroy 16 Iranian minelayers near the Strait of Hormuz

US Dollar Index (DXY): Technical picture as inflation and geopolitical uncertainty loom.Geopolitical tension in the Middle East is driving extreme volatility in the US dollar and oil prices, overshadowing the upcoming US CPI data. Markets are trying to determine if the oil price spike will be viewed by the Fed as a temporary shock or a fundamental threat requiring a "higher-for-longer" interest rate response.

USD/JPY Price Forecast: Clings around 158.00 on risk-off mood.USD/JPY Price Forecast: Clings around 158.00 on risk-off mood

Oil Crashed $35. The Strait Is Still Closed..Yesterday's session was one of the wildest in recent memory.

CNY: Trade resilience and fix support renminbi – MUFG.CNY: Trade resilience and fix support renminbi – MUFG

Crude Oil Price Forecast: Key Support Levels Tested After Rally.Crude oil faces short-term resistance after a volatile rally, with support at the 10-day and 200-week moving averages, while long-term trend reversals remain intact.

Financial & Forex Market Recap: March 10, 2026.Markets whipsawed as strategic reserve release speculation drove oil volatility, along with Iran conflict news flow, including Trump's warning against mines in the Strait of Hormuz. Dollar closed mixed but net higher amid geopolitical volatility.

Economic & event calendar in Asia Wednesday, March 11, 2026. Eyes on the warmongers again..Japan wholesale level inflation indicator, the PPI, is due today. Expected just a loittle softer.

Natural Gas Price Forecast: Wedge Breakout Faces Critical Support Test.Natural Gas struggles to extend a bullish wedge breakout as sellers push prices toward key moving-average support, leaving traders watching for stabilization or renewed downside pressure.