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Aug 09 - 01:24 PM
EUR/USD, USDJPY: Tight Summer Range Still The Name Of The Game - SocGen
First appeared on eFXplus on Aug 09 - 10:45 AM

Societe Generale Cross Asset Strategy Research discusses EUR/USD and USD/JPY outlook and notes the 2 pairs remain in their tight Summer range for now.

"EUR/USD tucked up neatly in its range. Unless 1.15 or 1.1750 is threatened, no-one will pay much attention. EUR/GBP though, has broken free and even if today is quieter, may extend the move...

USD/JPY is also range-bound, with a risk-friendly backdrop and 10obp JGB yields not really providing much encouragement for yen bulls here," SocGen notes. 

Source:
Société Générale Research/Market Commentary

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