Weaker USD bias through key event risks
The US dollar is closing out this week weaker with a heavy schedule of risk events next week. USD/JPY corrected 10 big figures lower high-to-low in July to date and hence there will be a lot of focus on the BoJ policy decision next week. That will be followed by the FOMC meeting later on Wednesday while the BoE meets on Thursday. The week ends with the US jobs report.
Listen to Derek Halpenny, Head of Research, Global Markets EMEA talk to Seiko Kataoka-Fisher Head of Japanese Client FX Sales, about why the US dollar could weaken further through this busy schedule of events and beyond.