Traders are bracing for a rare synchronized tightening as the Federal Reserve and Bank of Japan are both leaning toward rate hikes within 48 hours of each other. The Fed is due Wednesday afternoon, with futures pricing an over 80% chance of a quarter-point increase, while the BOJ follows on Friday, according to BeInCrypto, after a CNBC survey found 89% of economists expect a 25-basis-point hike to 1.25%.