A key week for the Japanese Yen as we have the Japanese central bank meeting on Thursday and the expectations is that they will try to weaken the yen if Wednesdays meeting of the US Federal Reserve fails to boost the US dollar. The yen has been one of the best performing currencies of 2016 and as a weak yen was a key part of Japan’s economic growth policy, its strength has seen a negative effect on Japanese exports.
This week, the first important sets of data are from Oceania on Wednesday. Early morning the Australian’s are publishing their Consumer Price Index (CPI) data, which is expected to be slightly down on last month’s figure. Later that evening, New Zealand release their cash rate – which is predicted to stay at 2.25%.
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