Chen Zhengluo: The central bank of the United States and Japan will determine the overall situation this week

The foreign exchange market is quite busy this week. The central banks of the United States, Japan, the United Kingdom, Switzerland and Australia will hold policy meetings. Except for Japan, other central banks are likely to keep interest rates unchanged, with the focus focused on the U.S. Federal Reserve. The U.S. Federal Reserve will hold a policy meeting this week, and the market generally expects the Fed to continue to implement loose monetary policy to deal with the impact of the epidemic on the economy.

U.S. Federal Reserve policy meeting

The U.S. Federal Reserve will hold a policy meeting this week, and the market generally expects the Fed to continue to implement loose monetary policy to deal with the impact of the epidemic on the economy. Federal Reserve Chairman Powell said that it will continue to take all necessary measures to support economic recovery.

Bank of Japan Policy Outlook

The Bank of Japan will also hold a policy meeting, and the market expects the central bank to maintain its current monetary policy unchanged. Bank of Japan Governor Haruhiko Kuroda said that he will continue to pay close attention to the impact of the epidemic on the economy and take necessary measures to support economic stability.

Other central bank policy initiatives

In addition to the United States and Japan, the central banks of the United Kingdom, Switzerland and Australia will also hold policy meetings. The market expects these central banks to continue to implement prudent monetary policies to promote economic growth and control inflation.

• The U.S. Federal Reserve will continue to implement loose monetary policy
• Bank of Japan may maintain current monetary policy unchanged
• The central banks of the United Kingdom, Switzerland and Australia will continue to implement prudent monetary policies