Coming up.

A short truce between Israel and Hamas will begin this morning. A four-day ceasefire in Gaza will start at 7 am local time, while a first group of women and children hostages will be released by Hamas around 4 pm. Hamas is set to free 50 hostages in total, while Israel is meant to release 150 jailed Palestinians. All of the 200 will be women and children. Photographer: Kobi Wolf/Bloomberg

Japan reports national CPI today in what could be a key moment for the yen, which has been holding at a stronger level than 150 per dollar for the past few days. The median forecast is that core inflation slowed, but the headline rate rose to 3.4%. Economists expect Sri Lanka's central bank to cut rates by 75 basis points, which would add up to 625 basis points of reductions in just under six months. Malaysia is expected to report inflation remained unchanged at 1.9% in October.