Fed, ECB, Bank of England

Today, it is worth paying attention to the passing in Jackson Hole Economic Symposium, as it meets the majority of the central banks, and will be discussed the world economic situation and the possibility of settlement of the existing problems. It will be accompanied by performances of the FED's governer Janet Yellen, the chairmans of the ECB and BOE. This will undoubtedly lead to a strong volatility in all major pairs.
But often the most important conclusions and statements are not published until its end, so to predict the output of the trade will be problematic. At the moment, the major currencies are in a consolidation phase and are moving in a very narrow range. And it is worth to wait for the release of the more significant macroeconomic data, which will move the market forward.

Comments of Sberbank CIB on incentives

The positive mood in the market is a result of a combination of impulses coming from the leading economies in the form of incentives, say analysts.
According to recent data the Japanese Prime minister Shindzo Abe planned package of fiscal stimulus to the economy in the volume of 20 trillion yen, as in the discussion of policy initiatives will participate former head of the Federal Reserve Ben Bernanke (the adoption of the decision was scheduled for July 29).
In addition, investors welcomed the quick nomination of Theresa May as prime minister of Britain. It came om Tuesday. At the same time the Bank of England last Thursday announced the easing of monetary and credit policy, such action by the ECB can be expected in the third quarter.

In case of Brexit - intervention by the Bank of Japan and the Bank of England

There is a high probability of intervention by the Bank of Japan and the Bank of England in case of Brexit.
Alan Ruskin - currency strategist at Deutsche Bank (DE: DBKGn), considered: "If the British referendum will lead to a drop in the dollar/yen below 100.00, the most likely scenario reaction of the Japanese financial authorities will be currency intervention. Japan will intervene under the guise of Brexit, having received in this case compelling arguments in the form of emergency and dramatic tightening of conditions which reflect the international volatility, not the internal situation. The Bank of England is also unlikely to be "waiting" if the pound against the dollar will fall below 1.30 and will continue to decline, the Bank of England will have a reason for the currency intervention and the ECB and the Fed is likely in a sign of solidarity may accede to it."
The probability of ECB intervention is low, because the eurozone is unlikely in the case of Brexit become the epicenter of the movement of assets.
And the Fed could to intervene only in the event of a significant tightening of financial conditions in the United States, which is also not expected.