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Aug 15 - 09:48 AM
USD/JPY: Staying Tactically Bearish Near-Term; Shorts Not Yet A Crowded Trade Yet - Danske
First appeared on eFXplus on Aug 15 - 08:28 AM

Danske Research discusses USD/JPY tactical bearish and maintains a bearish bias in the near-term.

"We maintain a negative USD/JPY bias short term. We do not see the tariff delay as a game changer for souring risk sentiment," Danske notes.

"Short USD/JPY is not (yet) a crowded trade according to recent positioning data, and, notably, the correlation of the cross with risk sentiment looks cleaner in USD/JPY compared to e.g. EUR/USD," Danske adds.

Source:
Danske Research/Market Commentary

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