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Apr 20 - 10:55 AM

EUR: Long EUR/JPY, EUR/GBP Into Next Week's BoJ Meeting - SocGen

By eFXdata  —  Apr 20 - 09:30 AM

Societe Genearle Research likes long EUR/GBP and long EUR/JPY into next week's BoJ policy meeting.

 G10FX looks jealously on as EMFX movers, all of FX looks jealously at the rates market, but most of all, EUR/USD vol traders look at rates vol traders in despair. EUR/USD IS in an uptrend, just a very, very frustrating one," SocGen notes.

"For now, we think we'd rather be long EUR/GBP and EUR/JPY (ahead of next week's BOJ meting which is unlikely to do anything for yen bulls)," SocGen adds, 

Société Générale Research/Market Commentary


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