IG's Week Ahead: US, Japan and eurozone rate decisions

In another week where there is a predominance of economic data, three rate decisions rise above all else. On Wednesday, the Federal Reserve (Fed) is expected to pause with a view to coming back again at the end of July with another 25-basis point hike, while the European Central Bank (ECB) is expected to take rates up a further quarter point with another expected increase in July. Meanwhile the Bank of Japan, scarred by years of deflation, may be reluctant to raise rates his time around for fear of stubbing out nascent growth across the economy. Wherever the action is it will likely be the foreign exchange markets that will best respond to any shift.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.  Follow us on Twitter, Instagram, and YouTube