Possible that the RBA, RBNZ, BOJ, and BOE ease - BBH
Research Team at BBH, suggests that the BOJ meets next week while the IMF trimmed its forecast for Japan's growth this year by 0.1%, which sounds small, and it is, but that proportionately, it is a third, so it now expected 0.2% growth.
Key Quotes
“The dollar is trading at its best level against the yen since June 24. Several technical indicators converge near the high from that day (~JPY106.85). By the end of next month, it is possible that the RBA, RBNZ, BOJ, and BOE ease while, as the Wall Street Journal's Hilsenrath notes, a September rate hike by the Fed may not be so easily ruled out.
The RBNZ will publish its updated economic assessment early in Wellington on Thursday (5:00 pm ET today), and it is expected to set the stage further for a rate cut next month.”