Get ready for 3 central bank dog & pony shows
Central banks are in season, as next week we'll hear from the FOMC, and one day later, the Bank of Japan. BOJ Governor Kuroda is already rattling his "currency" sabre. The Governor has expressed displeasure with growth, inflation, and strength in the yen. He then made sure that we understood that the BOJ does not target exchange rates. Of course he did. Markets will swing.