Report published September 23, 2026
Bank J. Safra Sarasin: FX Model Trend and Strategy
Bank J. Safra Sarasin · September 23, 2026
Bank J. Safra Sarasin's trading desk presents quantitative model trends and intraday views for major FX pairs. Intraday conviction strongly favors the US dollar and South African rand, with tactical trade ideas centered on long ZAR crosses against SEK, NZD, CAD, and JPY.
Read the remaining 4 pages
Finvaulta summarizes Bank J. Safra Sarasin's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.Intraday directional conviction is bullish on USD and ZAR, while bearish on SEK, NZD, CAD, JPY, and EUR.
- 2.Favored intraday tactical trades express ZAR strength via BUY ZAR/SEK, SELL NZD/ZAR, SELL CAD/ZAR, and BUY ZAR/JPY.
- 3.Core medium-term (1-7 weeks) model trends are neutral on EUR/USD, USD/CAD, GBP/USD, and USD/MXN, but bullish on AUD/USD, USD/CHF, USD/PLN, and EUR/CHF.
Table of Contents
- FX Model Trend & Strategy
- Current intraday view (ranked by conviction)
Report data
FOREX MODEL TREND
| Metric | Estimate | Context |
|---|---|---|
| USD/JPY Medium Term Target | 152.89 | Medium-term model target for USD/JPY with stop at 159.22 from current rate 157.76. |
| USD/JPY Long Term Target | 163.99 | Long-term model target for USD/JPY with stop at 156.05 from current rate 157.76. |
| AUD/USD Medium Term Target | 0.7238 | Medium-term model target for AUD/USD with stop at 0.7050 from current rate 0.7088. |
| USD/CNH Long Term Target | 6.6912 | Long-term model target for USD/CNH with stop at 6.9080 from current rate 6.7082. |
Reports in this series
FX Model Trend & Strategy is shown in chronological order through this edition, published on September 23, 2026.
Part of the FX Model Trend & Strategy series — view all 6 editions
Looking for the latest edition? FXModelTrendStrategy 20261006 en (Oct 6, 2026)
Access the full report
And others from the leading tier 1 banks.
Free account: read previews and a daily allowance of full reports. Pro removes the daily limit.