Report published August 25, 2026
Bank J. Safra Sarasin: Intraday FX View & Currency Strategy (August 25, 2026)
Source and citation context
- Issuer
- Bank J. Safra Sarasin
- Report date
- August 25, 2026
- Analysis as of
- Not stated in source
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.
Bank J. Safra Sarasin's FX trading desk outlines key technical levels, option strikes, and tactical trade ideas across major G10 currency pairs. FX 1-day realized volatility has moderated as US Treasury yields stabilize ahead of key macro events later in the week.
Key Takeaways
- 1.FX 1-day realized volatility has settled back into 'summer mode' as the long end of the US Treasury curve stabilizes into a 5-6 bp range ahead of upcoming Fed commentary.
- 2.EUR/USD is expected to move lower toward 1.1610/1.1620 if the 1.1655 support level breaks, with upside capped below 1.1722.
- 3.CHF has overtaken JPY as the preferred funder for carry trades; the desk favors expressing JPY strength via a short CHF/JPY position with a stop above 200.
Table of Contents
- BBDXY (1194.40)
- EUR/USD (1.1658)
- USD/CHF (0.8040)
- GBP/USD (1.3640)
- USD/JPY (159.43)
- AUD/USD (0.7145)
- USD/CAD (1.3863)
- Important Information
Report data
Key figures extracted from this report
| Metric | Estimate | Context |
|---|---|---|
| BBDXY Level | 1194.40 index points | Current trading level of the Bloomberg Dollar Spot Index |
| EUR/USD Exchange Rate | 1.1658 USD per EUR | Current trading spot price for EUR/USD |
| BOJ Rate Hike Probability | 80% | Market-implied pricing for a Bank of Japan interest rate increase |
Reports in this series
Intraday FX View is shown in chronological order through this edition, published on August 25, 2026.
Part of the Intraday FX View series — view all 5 editions
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Reported Data Context
- BBDXY Level: 1194.40 index points (2026-08-25)
- EUR/USD Exchange Rate: 1.1658 USD per EUR (2026-08-25)
- BOJ Rate Hike Probability: 80 % (September meeting)