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This article was written by Michael Oyebamiji, an FX analyst with major focus on G-10 currencies.
This week is one of the most anticipated weeks in the financial markets. The markets await major central banks’ decisions, most importantly regarding raising interest rates or leaving them unchanged.
The first central bank to meet later this week is the bank of Japan. Many analyst and traders are expecting the Bank of Japan to leave interest rates unchanged as well as the current level of quantitative easing (QE). This is basically because the policy so far has failed to achieve its major purpose of driving ... (read more)