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2 Sep 2015
Buy the dips in USD/JPY – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Jens Pedersen sees the pair gathering traction on the back of the Fed’s lift-off.
Key Quotes
“In G10, the biggest moves have been seen in USD/JPY, while GBP underperforms”.
“We see value in being long USD/JPY below 120 as it should edge higher into the first Fed hike”.
“In the Scandies, we are sidelined in both EUR/SEK and EUR/NOK, which will remain choppy and trendless into the Riksbank meeting tomorrow. We expect EUR/SEK to continue to trade in a 9.30-9.65 range, managed by policy steps”.
“A lot of negatives have already been priced into NOK but we are cautious in turning bullish just yet given the volatility in the oil price”.
Key Quotes
“In G10, the biggest moves have been seen in USD/JPY, while GBP underperforms”.
“We see value in being long USD/JPY below 120 as it should edge higher into the first Fed hike”.
“In the Scandies, we are sidelined in both EUR/SEK and EUR/NOK, which will remain choppy and trendless into the Riksbank meeting tomorrow. We expect EUR/SEK to continue to trade in a 9.30-9.65 range, managed by policy steps”.
“A lot of negatives have already been priced into NOK but we are cautious in turning bullish just yet given the volatility in the oil price”.