Will upcoming events spark some revival in FX volatility?
FX volatility has fallen sharply – for some currency pairs to levels not seen since before the Global Financial Crisis – so Derek Halpenny, Head of Research Global Markets EMEA & International Securities talks to Seiko Kataoka-Fisher in Japanese Client Sales about events in the week ahead that might shake the FX market out of this volatility lull, including the semi-annual testimony to Congress by Fed Chair Powell and the ECB policy meeting. Today MUFG Research also releases its monthly Foreign Exchange Outlook and Derek outlines some key highlights, including the prospects of a BoJ rate hike in March.