• The Federal Reserve’s Loretta Mester speaks at 16:00 UTC
• The Federal Reserve’s Michelle Bowman speaks at 17:30 UTC
• The Bank of Canada releases its summary of deliberations at 18:30 UTC
• Japan’s current account data for December is released at 23:50 UTC

What to expect from the Fed speeches

The Federal Reserve is in the midst of a tightening cycle, and investors are eager to hear any new insights from policymakers about the pace of future rate hikes. Mester and Bowman are both voting members of the Federal Open Market Committee, which sets interest rates.

Mester is considered to be one of the more hawkish members of the Fed, and she has said that she supports raising rates until inflation is under control. Bowman is seen as more dovish, but she has also said that she is committed to doing whatever it takes to bring down inflation.

What to expect from the BOC summary of deliberations

The Bank of Canada is also in the midst of a tightening cycle, and its summary of deliberations will provide investors with insights into the thinking of policymakers. The BOC is expected to continue raising rates in the coming months, but the pace of hikes could slow if the economy weakens.

What to expect from Japan’s current account data

Japan’s current account data is a measure of the country’s net trade in goods and services. A surplus means that Japan is exporting more than it is importing, while a deficit means that it is importing more than it is exporting.

Japan’s current account is expected to show a surplus in December. This is due in part to the fact that the yen has weakened in recent months, making Japanese exports more competitive.