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Plenty to worry markets even if the Fed is uneventful

It looks set to be a fairly quiet Fed meeting this week as far as markets are concerned, and perhaps even a quiet year on the policy front despite the background noise. But there are plenty of other potential shocks waiting in the wings, including the prospect of another government shutdown. Meanwhile, the surge in the yen has raised speculation about intervention (and not just in Japan); we forecast it to rally further.

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