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Feb 26 - 10:55 AM

JPY: Long-End Rates Back In Charge; Staying Long USD/JPY - Credit Agricole

By eFXdata  —  Feb 26 - 10:30 AM

Credit Agricole CIB Research discusses the JPY outlook and maintains a bearish bias, expressing that via holding a long USD/JPY exposure in its trade-rec portfolio.

"The JPY is one of two G10 currencies the USD has managed to outperform recently (the other is the CHF). We expect this trend to continue in the coming week as rising UST yields drive the exchange rate higher," CACIB notes.

"Indeed, USD/JPY has the double benefit at present of strong risk sentiment as well as rising yields supporting its rally," CACIB adds. 

 

Source:
Crédit Agricole Research/Market Commentary

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