Global Markets React to Geopolitical Tensions and Economic Data

Global markets are experiencing increased volatility due to various factors. The Bank of Japan's upcoming interest rate decision has sparked expectations that it may raise rates as soon as June, which could lead to a stronger yen and negatively impact risk assets globally.

The Japanese Corporate Service Price Index rose 3.1% year-on-year in March, beating forecasts, while core inflation climbed to 1.8%, its first acceleration in five months.

A stronger yen would likely trigger selling across markets, including those for stocks and cryptocurrencies.