Housing Start data for the United States fell by 14.7% in March, following a 12.7% increase in February, with building permits decreasing by 4.3% from a 2.3% increase, indicating a decline in real estate demand.
Jerome Powell emphasized the Fed's stance, stating that policy changes largely depend on economic data and not providing a definite assurance of starting interest rate cuts in June as inflation rates have not returned to the 2% target.
The Bank of Japan (BoJ) may be considering a more aggressive policy to push inflation rates down, which directly impacts the yen. Investors are awaiting GDP data and BOJ forecasts at the policy meeting on April 25-26.