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Fed rhetoric firming up? - Rabobank

FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist, points towards a firmer sounding FOMC this week.

Key Quotes:

“Following the recent study from the San Francisco Fed suggesting that the market may be behind the curve in pricing in the first Fed rate hike, the market is prepared for some slightly more hawkish rhetoric from the FOMC this week”.

“The USD has been the best performing currency on a 3 month view and if this trend continues a cable bounce on Friday could be short-lived”.

“Despite the risk of heightened volatility near-term, we expect cable to be at 1.62 on a 3 mth view”.

The top three global events - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman tells us that after a relative slow week following the announcement of the ECB's new initiatives and the US jobs data, the week ahead is chock full of key events.
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EUR/JPY building a case for higher levels?

EUR/JPY is trading at 138.70, down -0.31% on the day, having posted a daily high at 139.19 and low at 138.47.
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