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Oct 14 - 02:55 PM

USD/JPY: Scope For A Big Rally Towards 118.62 In Q4; AUD/USD: Where To Sell? - Credit Suisse

By eFXdata  —  Oct 14 - 01:30 PM

Credit Suisse summarizes its bias on USD/JPY, and AUD/USD in Q4.  

"We see scope for JPY weakness to run further into and after the 31 Oct election and are raising our potential Q4. USDJPY top to the 2017 high at 118.62, where we would expect the move to fade out on a longer-term basis," CS notes. 

"We raise the top end of our 0.7050-0.7400 AUDUSD range for Q4 from 0.7400 to 0.7480: at that level we think the risk-reward to being short AUD will be attractive again," CS adds. 

Source:
Credit Suisse Research/Market Commentary

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