The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and USD/CHF.
EUR/USD: We saw very decent EURUSD selling interest from all sides, and the pair has lost nearly another big figure today. Remain short while below 1.1000.
USD/JPY: moves lately have been a dollar story, and the yen itself hasn't moved much ahead of the end of fiscal year-end in Japan and the release of the Tankan report on April 1. A weaker Tankan outlook could spur hopes for more BoJ easing, so look to buy USDJPY on dips ahead of yesterday's low of 118.33, with a stop below 117.40.
USD/CHF: had a rangy session in Asia Friday, after Thursday's dollar bullishness. We like being short around current levels; supports are 0.9630 and 0.9580.
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