Japan Industrial Production (YoY) declined to -3.4% in February from previous -1.5%

New Zealand's Trade Balance in NZD terms fell $-9.87 billion through the year ended in March, slightly less than the previous YoY period, which declined $-12.06 billion, a slight downside revision from the initial print of $-11.99 billion.

"If our updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase our confidence that inflation is converging to our target in a sustained manner, it would be appropriate to reduce the current level of monetary policy restriction," European Central Bank Vice President Luis de Guindos said on Thursday, per Reuters.

Japan’s Chief Cabinet Secretary Yishimasa Hayashi said on Wednesday that we are “closely watching FX moves” and are “prepared for full measures.” Additional quotes Important for currencies to move in a stable manner, reflecting fundamentals.