<p style=““ class=“text-align-justify“>The Japan defence ministry adds that the missile flew to an altitude of 50km and covered a range of 800km before splashing into the sea.</p><p style=““ class=“text-align-justify“>The provocations and boldness continues from North Korea and the latest one is another apparent protest to the ongoing military exercise between South Korea and the US.</p>

This article was written by Justin Low at www.forexlive.com.

<p>Its an active central bank calendar coming up on Monday, 20 March 2023 during the Asia session. </p><p>At 1810 US Eastern time the Reserve Bank of Australia:</p><ul><li> Christopher Kent, Assistant Governor (Financial Markets)</li><li>speaking on: „Long and Variable Monetary Policy Lags“</li></ul><p>Expectations are rising of an RBA pause at their next meeting, April 4:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/westpac-forecast-an-rba-rate-pause-at-the-april-4-meeting-20230317/“ target=“_blank“ rel=“follow“ data-article-link=“true“>Westpac forecast an RBA rate pause at the April 4 meeting</a></li></ul><p>But its not unanimous:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/anz-maintain-their-forecast-for-an-rba-rate-hike-at-the-april-and-may-policy-meetings-20230317/“ target=“_blank“ rel=“follow“ data-article-link=“true“>ANZ maintain their forecast for an RBA rate hike at the April and May policy meetings</a></li></ul><p>At 1750 US Eastern time we get the ‚Summary‘ from the BOJ March meeting. This was Bank of Japan Governor Kuroda’s final meeting. Policy was left unchanged at this meeting:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/bank-of-japan-leaves-policy-unchanged-as-widely-expected-20230310/“ target=“_blank“ rel=“follow“ data-article-link=“true“>Bank of Japan leaves policy unchanged, as widely expected</a></li></ul><p>At 2115 we get the monthly Loan Prime Rate (LPR) setting from the People’s Bank of China. I posted a preview here:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/pboc-interest-rate-decision-due-on-monday-analysts-sees-cut-to-support-the-economy-20230316/“ target=“_blank“ rel=“follow“>PBOC interest rate decision due on Monday</a></li></ul><p>On Friday the Bank dropped this in:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/pboc-announces-cut-to-banks-reserve-requirement-ratio-by-25-bps-20230317/“ target=“_blank“ rel=“follow“>PBOC announces cut to banks‘ reserve requirement ratio by 25 bps</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.

<p>Sources indicate that UBS is close to finalizing a deal to acquire Credit Suisse, as Swiss and global authorities work to mitigate banking sector contagion and restore confidence in the financial system. The agreement could be reached as early as Sunday.</p><p>The <a target=“_blank“ href=“https://www.forexlive.com/terms/s/swiss-national-bank/“ class=“terms__main-term“ id=“7ffdcf63-96f7-446b-abb6-cda662c6ccad“ target=“_blank“>Swiss National Bank</a> (SNB) provided a $50 billion lifeline earlier this week, although Credit Suisse’s stock price, following a brief rally, declined once more. US shares closed on Friday at $2.01, marking a 24.44% drop for the week, with the week’s lowest price at $1.75.</p><p class=“text-align-start“>Meanwhile, in the US, Silicon Valley Bank filed for Chapter 11 <a target=“_blank“ href=“https://www.forexlive.com/terms/b/bankruptcy/“ class=“terms__secondary-term“ id=“2b54c285-6f67-4222-99aa-f58b353eea4f“ target=“_blank“>bankruptcy</a> on Friday, one week after regulators shuttered the bank and guaranteed all depositor funds. Signature Bank was closed by regulators last weekend as well, after losing billions in withdrawals due to contagion from the collapse of Silicon Valley Bank.</p><p>Hedge fund manager Bill Ackman tweeted on Friday:</p><p>A source familiar with the matter denied BofA interest in Signature. </p><p>

First Republic’s stock price continued its downward trend on Friday, despite a consortium of banks depositing $30 billion into the bank just a day earlier. After hitting a low of $17.53 on Wednesday, the stock rallied to a high of $40 on Thursday. However, it reversed course on Friday, closing at $23.03, a 14.07% decrease. In after-hours trading, the price slid even further to a low of $19.49. Moody’s downgrades First Republic Bank to B2 from Baa1.</p>

This article was written by Greg Michalowski at www.forexlive.com.