Long EUR/JPY, EUR/GBP at next week’s BOJ meeting – SocGen
Societe Genearle Research likes long EUR/GBP and long EUR/JPY at next week’s BoJ policy meeting.
G10FX is enviously watching EMFX movers, enviously looking at the entire exchange rate market, but most of all, EUR/USD volume traders look at the rates in desperation at vol traders. EUR/USD is in an uptrend, just a very, very frustrating trend,” SocGen states.
“For now, we think we’d rather go with the long EUR/GBP and EUR/JPY (before the BOJ meeting next week, which is unlikely to do anything for the yen bulls),” adds SocGen.
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