This week will have a high-impact news agenda, with monthly policy commentaries and bid rates from the FOMC and the Bank of Japan, as well as the Minutes of the recent determinations of the Reserve Bank of Australia. Therefore, volatility this week should be relatively high.
The market will probably be most active on Wednesday, and Thursday to a lesser extent.
Monday is a public holiday in Japan.
U.S. Dollar
It will be a very important week for the greenback, starting on Tuesday with a release of Building Permits data. On Wednesday, we will get the FOMC Statement, Economic Projections, Federal Funds Rate and Press Conference, as well as Crude Oil Inventories numbers. Thursday will see the release of Unemployment Claims data.
Japanese Yen
It will be a very important week for the Yen, all due after Monday’s holiday on Thursday with the release of the Bank of Japan’s Monetary Policy Statement and Policy Rate, followed by the usual press conference.
Australian Dollar
It will be an important week for the Aussie, with the release of the Reserve Bank of Australia’s Monetary Policy Meeting Minutes due on Tuesday.
British Pound
It will be a light week for the British Pound, with nothing due except Retail Sales data on Wednesday.
Canadian Dollar
It will be a light week for the Loonie, with nothing due except CPI data on Friday.
New Zealand Dollar
It will be a light week for the Kiwi, with nothing due except GDP data on Thursday.