Fast Fx Fair Value Model Buy Eur Jpy

Crédit Agricole's FAST FX model initiates a long EUR/JPY position this week as the pair is significantly undervalued by over 1.5 standard deviations relative to its calculated fair value of 189.71.

Key Takeaways

• 1.The FAST FX model has triggered a new long trade for EUR/JPY as it has become more than 1.5 standard deviations undervalued.
• 2.EUR/JPY's fair value has risen to 189.71, driven by narrowing peripheral European bond spreads and Japanese equity outperformance.
• 3.Model performance has been challenging, with a 12-month rolling return of -4.06% and a hit rate of 44%.

Table of Contents

• Buy EUR/JPY
• Related publications
• New trades this week
• FAST FX fair value summary
• Short-term fair value charts
• t-statistic charts
• Historical trade performance
• FX Research advanced tools
• Red Mount Analytics
• Global Markets Research contact details
• Certification
• Valuation and methodology
• Disclaimer

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