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Jun 17 - 09:55 AM

USD: Don't Stand In The Way Of USD Rally; Long USD/JPY Attractive - Citi

By eFXdata  —  Jun 17 - 08:46 AM

Citi sees a scope for an extension in the ongoing USD rally.

"We calculate USD positioning to be quite neutral at these levels. As such, we think that as fresh positions are added, this USD squeeze can continue in the near term and would not stand in the way of it," Citi notes. 

"USDJPY tends to be the most reactive to moves in fixed income; but right here we think selling EURUSD on top of buying USDJPY makes sense, as the shift by the Fed may elicit a more risk-off tone in markets this week," Citi adds. 

Citi Research/Market Commentary


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