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Sep 17 - 10:55 AM

USD/JPY: What's The Best Tactical G10 FX Strategy Into Nov US Elections - Credit Agricole

By eFXdata  —  Sep 17 - 09:30 AM

Credit Agricole CIB Research likes long USD/JPY on dips to position for the US November elections.

"Our analysis suggests that the best tactical G10 FX strategies ahead of the November US presidential election would be to be long short-dated FX volatility combined with buying dips in the USD vs the likes of the JPY...," CACIB notes. 

"The JPY has been the worst performing G10 currency in the three months after the US elections since 1976. Moreover, tactical longs in USD/JPY have proven to be the best FX strategy in the weeks after the 2000 and 2016 elections, whose near-term market impact could be used as a template for the FX impact of the 2020 presidential election, in our view," CACIB adds.

Source:
Crédit Agricole Research/Market Commentary

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