• USD/JPY seems doomed to spike higher once it breaks 150 – SocGen

Noticias del mercado

3 octubre 2023

USD/JPY seems doomed to spike higher once it breaks 150 – SocGen

The quarter-end flows effect has faded. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes the FX market outlook.

What to own amid the chaos?

The USD/JPY pair seems doomed to spike higher once it breaks 150, and if that pressure on CNH, then another leg down for AUD, NZD and to a lesser extent CAD will follow too. 

What to own amid the chaos? Short AUD/CAD, short GBP/NOK and GBP/SEK (or EUR/NOK, EUR/SEK and EUR/CHF) look like the tactical trades for now.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: