Fast FX Fair Value Model: EUR/JPY Undervalued

Crédit Agricole's FAST FX model identifies EUR/JPY as significantly undervalued by 2.20%, though no new trades are triggered this week due to the London bank holiday.

Key Takeaways

• 1.EUR/JPY is significantly undervalued by over 1.5 standard deviations (Z-score of -1.86).
• 2.The FAST FX model will not enter any new trades this week due to the London bank holiday.
• 3.The model's 12-month rolling performance is -3.57% with a 47% hit ratio.

Table of Contents

• New trades this week
• FX under/overvaluation – Z-scores
• FAST FX fair value summary
• Related publications
• Short-term fair value charts
• t-statistic charts
• Historical trade performance
• Red Mount Analytics
• Global Markets Research contact details
• Certification
• Foreign exchange disclosure statement to clients of CACIB
• Additional recommendation obligations
• Valuation and methodology
• MiFID II contact details
• Disclaimer

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