Westpac tops forecast table on stronger dollar call

Australian bank sees markets focusing on central bank action once again

dollar-yen
Main players: the market will focus once again on the BoJ and Federal Reserve

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With the initial shock of the UK's referendum vote on membership of the European Union ebbing away, Justin Smirk, a senior economist at Westpac, says the focus of the market's attention will once again revert to central banks, more particularly, the Bank of Japan (BoJ) and the Federal Reserve.

The Australian bank, which won FX Week's three-month forecast last week, says effectiveness and the impact on the Japanese yen of the fiscal stimulus package – a 6 trillion yen

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