The Fed headlines a week in which more than a dozen central banks announce policy decisions, including the Bank of Japan and Bank of England on Thursday.
Markets are "seemingly well positioned for a 75bps hike alongside a hawkish update" from the Fed, Taylor Nugent, a markets economist at National Australia Bank in Sydney, wrote in a client note. The U.S. dollar index , which measures the currency against six major peers, edged a little higher to 110.22, grinding back toward this month's 20-year high of 110.79.
This week, the BOJ is set to cement its position as the lone dove among the central banks of advanced economies by sticking to its ultra-accomodative policy that pins the 10-year Japanese government bond yield near 0%.
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