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Apr 01 - 12:55 PM

EUR/USD, USD/JPY: Expected Targets And Entry Levels For Q2 - Credit Suisse

By eFXdata  —  Apr 01 - 10:45 AM

Credit Suisse Research summarizes its tactical bias on EUR/USD and USD/JPY in Q2.

Our expected EURUSD range for Q2 is 1.0750 – 1.1400, targeting 1.0800 for end-Q2, keeping a quarterly range downgrade we have had in place since 2021. Levels above 1.1300 represent good entry levels for fresh shorts from a quarterly risk-return perspective," CS notes. 

"For USDJPY, the test of the BOJ’s YCC commitment likely makes the Q2 range as wide as 118.00 – 130.00, with our old end-Q1 target now the base and our current 123.75 target as a pivot point," CS adds.

Source:
Credit Suisse Research/Market Commentary

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