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A volatile week ahead with BoJ and FOMC: Hardy
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John Hardy, head of FX strategy at Saxo Bank, considers next week’s market reaction to the critical meetings of the Bank of Japan and the US Federal Reserve.
Both the BoJ and FOMC meet on Wednesday in crunch central bank meetings that may trigger a rough period in the market, says Hardy.
There has been a theme of central banks pulling away from further QE, he says, and risk appetite is back on board following weak data.
Market confusion may arise should BoJ disappoint while FOMC acts hawkishly, adds Hardy.