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.
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