Intraday FX View

Latest edition · August 28, 2026

IntradayFXView 20260828 en

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.

In this intraday FX update, Bank J. Safra Sarasin reviews tactical setups across G10 currencies amid the Jackson Hole symposium and upcoming September central bank meetings. The desk holds a bullish EUR/USD bias above its 200 DMA (1.1634) and is bullish AUD/USD (targeting 0.75), particularly when funded in CHF, given building RBA hike expectations. In USD/JPY, the team retains a bullish JPY outlook via calendar option strangles ahead of the September 18 BOJ meeting, while recommending a zero-cost 1x2 call spread in USD/CAD ahead of Canadian GDP and the Bank of Canada meeting.

Key takeaways from the latest edition

• 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.

What this series covers

• 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:

Edition archive

• IntradayFXView 20260828 en

  August 28, 2026

• IntradayFXView 20260826 en

  August 26, 2026

• IntradayFXView 20260825 en

  August 25, 2026

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  August 17, 2026

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  August 10, 2026