5 Feb 2014
Flash: Go long USD/JPY at 97? - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale is willing to be patient to go long USD/JPY.
Key Quotes
"Core views are not going to change in the current hiatus. As well as long-term GBP/USD shorts, we remain bearish of NZD/USD, with more room to fall than AUD/USD for now, and we look for a brief period of calm in USD/CAD to be followed by a move to 1.15.”
“And we would rather watch USD/JPY from the sidelines preparing to go long as close to 97 as possible, than get sucked in on either side of the trade here.”
“On a better day for global risk sentiment, USD/JPY is noticeably not bouncing this morning. In bond-land, I'll happily stay long Bunds/Olos against Treasuries for years. In credit, I like Financials vs Corporates, in equities I like hiding under the bed."
Key Quotes
"Core views are not going to change in the current hiatus. As well as long-term GBP/USD shorts, we remain bearish of NZD/USD, with more room to fall than AUD/USD for now, and we look for a brief period of calm in USD/CAD to be followed by a move to 1.15.”
“And we would rather watch USD/JPY from the sidelines preparing to go long as close to 97 as possible, than get sucked in on either side of the trade here.”
“On a better day for global risk sentiment, USD/JPY is noticeably not bouncing this morning. In bond-land, I'll happily stay long Bunds/Olos against Treasuries for years. In credit, I like Financials vs Corporates, in equities I like hiding under the bed."