![forex trends A trend is indicated by a finger on a forex market chart displayed on a screen](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1416835948.jpg)
With the dollar at its highest level in 20 years and major central banks competing to raise interest rates, the forex market is bracing for a volatile month.
![forex trends World on international banknotes with currency sign include dollar euro yen pound sterling](https://img.capital.com/imgs/articles/263x190x1/shutterstock_2108080049.jpg)
Fed members indicate they will tighten interest rates into restrictive territory to curb inflationary pressures, reviving the dollar's bull trend.
![EUR/USD eur usd on a screen](https://img.capital.com/imgs/articles/263x190x1/shutterstock_192762152_2.jpg)
EUR/USD recovered 1.025 levels, boosted by rising expectations of an ECB half-point raise at tomorrow’s meeting
![Widow maker - betting against the BoJ Haruhiko Kuroda, governor of the Bank of Japan](https://img.capital.com/imgs/articles/263x190x1/BoJKurodaWikiComms.jpg)
As the Bank of Japan prepares further stimulus, some overseas traders may already be betting against the dovish central bank
![Japanese yn The Japanese yen as a ’wild card’](https://img.capital.com/imgs/articles/263x190x1/jpy_2.png)
The yen has demonstrated its role as a safe haven during times of recession, gaining on average 3.5% versus the USD
![Yen carry trade Bags on a scale marked with yen and US dollar symbols](https://img.capital.com/imgs/articles/263x190x1/Screenshot-2022-03-18-at-8.46.11-AM.png)
Does Japan’s stance on interest rates encourage carry trade frenzy?
![US-Russian chess game US-Russian chess game](https://img.capital.com/imgs/articles/263x190x1/shutterstock_2014492031.jpg)
Geopolitical concerns ease as Russia and the US agree to meet, sparking a recovery in investors’ risk appetite
![Forex Board showing foreign currency exchange numbers](https://img.capital.com/imgs/articles/263x190x1/shutterstock_315757421.jpg)
Dow, S&P, and Nasdaq in the red on Thursday
![A Lawson store in Japan with Mt Fuji in the background A Lawson store in Japan with Mt Fuji in the background](https://img.capital.com/imgs/articles/263x190x1/A-Lawson-store-in-Japan-with-Mount-Fuji-in-the-background.jpg)
Lawson books rising sales and profit, thanks to domestic recovery and China’s expansion
![The Bank of England The Bank of England is to investigate the potential of a new state-backed digital currency, nominally called Britcoin.](https://img.capital.com/imgs/articles/263x190x1/Bank-of-England_1.jpg)
Could the state-backed Britcoin really muscle in on the digital currency marketplace?