The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD.
EUR/USD: The wide 1.05-1.10 range will likely hold; play it accordingly. We prefer to be short overall but will remain flexible and keep it tight.
USD/JPY: We prefer to short USDJPY. Sell the pair around 120 with a stop above 120.50. The downside might be limited to 119.30 ahead of 118.70.
AUD/USD: We remain buyers of dips to the mid-0.76s with stops below 0.7615.
