Japan Quake Jolts Markets, Iran Tensions Escalate, BOJ Inflation Data in Focus

Market News
1. Japan was struck by a 7.4 magnitude earthquake, triggering a tsunami warning and potentially creating high volatility in the market and for the Yen (JPY).
2. US-Iran tensions are escalating after Tehran rejected further negotiations and affirmed its military readiness, increasing geopolitical risk and the potential for higher oil prices.
3. The latest Bank of Japan (BOJ) survey shows that household inflation expectations remain very high, adding complexity to Japan's monetary policy amidst a crisis.