Short CHF/JPY – Deutsche Bank
Research Team at Deutsche Bank, suggests to go short on the CHF/JPY as
their preferred G10 trade of the week with entry being 113.30 level,
while maintaining a stop loss of 118.50 for the target of 101.50.
Key Quotes
“The
yen correction may have some way still to run on valuation grounds. One
way to play is against CHF, which is an expensive currency, removes
much of yen’s beta to risk-on/risk-off and also works from a relative
flow standpoint, as Switzerland’s current account recycling picks up as
Japan’s slows down.”
(Market News Provided by FXstreet)
