Citi discusses its expectations for this week's major central banks meetings and its current tactical tactical bearish bias on USD.

"The week is peppered with risks worth watching closely, though central to the week will be US payrolls. BoJ may be lackluster, with no policy change expected by the outgoing Kuroda. We expect BoC to hold rates and RBA to hike by 25bps,"Citi notes. 

"CtiFX Strategy thinks that the Feb trend of higher yields and a stronger USD over the February period has come to an inflection point and that tactical risks are looking asymmetrically skewed to the downside as we enter March. They are tactically short USD basket vs. NZD, NOK & CAD," Citi adds.