This week, the G7 nations, including the U.S., Japan, Europe, the U.K., and Canada, are poised to announce crucial interest rate decisions. The market's initial expectation of rate cuts has shifted to a focus on inflation defense due to ongoing geopolitical tensions and elevated oil prices. The Federal Reserve's decision, expected on April 30, will be closely watched as Chair Powell nears the end of his tenure. Analysts are debating whether he will adopt a hawkish stance or maintain current policies amid the Middle East energy crisis. Meanwhile, the Bank of Japan, under Governor Ueda, faces pressure from rising oil prices, potentially signaling a rate hike in June. Additionally, the 10-year U.S. Treasury yield remains in the 4.1%-4.4% range, with any hawkish commentary potentially causing a spike.