Forex Flash: Buy USD/JPY on dips – Societe Generale
FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale notes that he is in a wait and see mode, looking to buy USDJPY on dips.
Elsewhere he notes that while expectations of Fed easing give EURUSD support with the odds of a steady grind to 1.3500. Galy feels that EURCHF is still the easier trade with EUR weakness now acting as a cross wind, but the temptation to take the next layer of barriers between 1.24-25 is likely to prove too strong to resist for long.
Elsewhere he notes that while expectations of Fed easing give EURUSD support with the odds of a steady grind to 1.3500. Galy feels that EURCHF is still the easier trade with EUR weakness now acting as a cross wind, but the temptation to take the next layer of barriers between 1.24-25 is likely to prove too strong to resist for long.
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