Report published August 28, 2026
Bank J. Safra Sarasin: Intraday FX View & G10 Tactical Strategy (August 2026)
Source and citation context
- Issuer
- Bank J. Safra Sarasin
- Report date
- August 28, 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 its daily foreign exchange positioning ahead of Jackson Hole speeches and central bank meetings. The desk maintains a topside bias on EUR and AUD, remains structurally bullish on JPY via option strangles, and favors zero-cost call spreads on USD/CAD.
Key Takeaways
- 1.Maintain a topside EUR bias against USD as EUR/USD holds above its 200 DMA (1.1634) ahead of ECB Schnabel's remarks at Jackson Hole.
- 2.Remain bullish on AUD/USD with a potential 0.75 target, especially funded via CHF, on rising RBA rate hike expectations for September.
- 3.Remain firm JPY bulls despite Tokyo CPI meeting expectations at 1.9%, recommending option strangles ahead of the September 18 BOJ meeting.
Table of Contents
- EUR/USD (1.1646)
- USD/CHF (0.8047)
- GBP/USD (1.3588)
- USD/JPY (159.49)
- AUD/USD (0.7196)
- USD/CAD (1.3854)
- Important Information
- Hong Kong
- Singapore:
Report data
Key figures extracted from this report
| Metric | Estimate | Context |
|---|---|---|
| Tokyo CPI | 1.9% | Tokyo CPI accelerated to 1.9% vs. 1.8% previous, in line with survey expectations. |
| Canadian 2Q Quarterly GDP (Annualized) Expectation | 3.4% | Canadian Q2 annualized GDP expected to print at 3.4% vs previous -0.1%. |
| Bank of Canada Policy Rate Expectation | 2.25% | Bank of Canada is expected to hold its policy rate at 2.25%. |
| EUR/USD 200 DMA Level | 1.1634 | EUR/USD has stayed above its 200 DMA level. |
Reports in this series
Intraday FX View is shown in chronological order through this edition, published on August 28, 2026.
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Reported Data Context
- Tokyo CPI: 1.9 % (Current)
- Canadian 2Q Quarterly GDP (Annualized) Expectation: 3.4 % (Q2 2026)
- Bank of Canada Policy Rate Expectation: 2.25 % (Next Wednesday)
- EUR/USD 200 DMA Level: 1.1634 (Current)