In brief

• The Fed will set the interest rate on Wednesday, with over a 80% chance of a hike.

• BOJ economists expect a rate hike to 1.25% on Friday, the highest level in 31 years.

• Fed and BOJ rate hikes would create a global tightening pattern last seen in 2006.

Read the original story Bank of Japan and Fed are expected to raise rates the same week: Will the yen rise? by Darryn Pollock on se.beincrypto.com