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23 Feb 2016
Short USD/JPY – Deutsche Bank
Research Team at Deutsche Bank, suggests to go short on the USD/JPY pair with the entry level being 113.20 for the target of 105 and maintaining a stop loss of 116.
Key Quotes
“With rate differentials pointing to a 105-110 range and further BoJ rate cuts restrained by the cost imposed on the banking system, go short USD/JPY to benefit from a renewed pick-up in risk aversion, particularly if the G20 doesn’t deliver the coordinated action the market hopes for this week. Positioning trends should be followed, not faded.”
Key Quotes
“With rate differentials pointing to a 105-110 range and further BoJ rate cuts restrained by the cost imposed on the banking system, go short USD/JPY to benefit from a renewed pick-up in risk aversion, particularly if the G20 doesn’t deliver the coordinated action the market hopes for this week. Positioning trends should be followed, not faded.”