Relative monetary policy will likely drive FX markets in the coming week with big central bank decisions looming, economists at Danske Bank say.

CHF is poised to drop if the SNB cuts rates

We do not expect BoJ to hike, but it is a close call and if we are wrong JPY would likely head higher.

On Thursday, we think CHF is poised to drop if we are right that the SNB will cut rates.

The USD will look to see if the Fed agrees with the recent rise in US interest rates.