The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD.
EUR/USD: tested the 1.0800 handle following the dollar selloff in Asia but then ran out of steam. Sell rallies above the 1.0800 handle.
USD/JPY: remains a buy on dips as BoJ may be under some pressure to act after the cautiousness seen in the Tankan survey and Japan PM Abe's aide Yamamoto saying that the central bank must ease monetary policy further on April 30. Buy around the 50-day moving average at 119.40.
AUD/USD: The interest rate differential will be in focus if US payrolls are strong and the RBA cuts next week. AUDUSD should head towards 0.7000. Sell rallies to 0.7650-0.7700 with a close stops above 0.7775, targeting the March low of 0.7560.
