The following are UBS' latest short-term (mostly intraday) trading strategies for USD/JPY, NZD/USD, and USD/CAD.
USD/JPY: Expectations for tomorrow's US payrolls might be a tad dull, leaving room for a mini surprise. We would look to go long USDJPY with a stop below recent low of 118.30.
NZD/USD: We remain sellers of NZDUSD on rallies from here up to 0.7540 with stops above 0.7620, eventually targeting a re-test of the March low.
USD/CAD: remains rangebound despite being driven by crude oil prices. Be patient and start fading dips below 1.25.
