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The week ahead for FX — #SaxoStrats
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Look out for currency developments when Japanese Prime Minister Shinzo Abe visits Trump this weekend, says Saxo Bank head of FX strategy John Hardy.
Also, we need to watch for whether the USDJPY comeback continues. The bond market is the key indicator for that, Hardy adds.
Fed chair Janet Yellen’s semi-annual testimony Tuesday and Wednesday is a key event risk next week, according to Hardy.
The Greece bailout deal is being questioned from the Greek side so look out for developments one way or another next week, says Hardy.
Also look out for potential SEK support from the Riksbank Central Bank meeting Tuesday, Hardy concludes.