The Week Ahead – Parade of central banks with end of QT in sight

The yen inches towards an 11-month low as traders ponder the timing of the BoJ’s big unwind. As inflation has been above the central bank’s 2% target for over a year, a buildup in hawkish comments by officials lately suggests that the bank might unwind its ultra-loose policy soon. Any move from the BoJ, the dovish outlier among major central banks, may trigger volatility as market participants have been closely watching for any signs of a fundamental shift. The US dollar could sink below 143.50 in case of a hawkish signal out of the BoJ meeting this week. Otherwise, the pair would continue past last October’s ceiling at 150.00.

GBPUSD retreats as UK economy weakens


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