The focus of the week lies on the two-day FOMC meeting on July 26-27 and BOJ meeting on July 28. For the former, it is widely anticipated that no change in the monetary policy would be announced. Indeed, the market has priced in only 3.6% chance of rate hike at the meeting. Policymakers would keep the door open for a move in September but should refrain from sending a signal of it.
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/fomc-and-boj-under-the-spotlight-2016072533332/
FOMC and BOJ under the Spotlight
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