Fast FX: Buy EUR/JPY

Crédit Agricole's FAST FX model has entered a long EUR/JPY position targeting 189.71, citing a Z-score undervaluation of 1.5 standard deviations. The trade is driven by movements in peripheral Eurozone bond spreads and relative equity market performance.

Key Takeaways

• 1.The FAST FX model has initiated a long EUR/JPY trade due to a significant undervaluation relative to its rising fair value.
• 2.The fair value for EUR/JPY has increased to 189.71, driven by narrowing peripheral European bond spreads and Japanese equity underperformance relative to Eurozone stocks.
• 3.The trade has a defined take-profit target of 189.71 and a stop-loss of -1.49%, with a scheduled exit by June 5, 2026.

Table of Contents

• FAST FX: buy EUR/JPY
• Related publications
• New trades this week
• FX under/overvaluation – Z-scores
• FAST FX fair value summary
• Historical trade performance
• Historical trades
• Portfolio performance
• FX Research advanced tools
• Red Mount Analytics
• Our new interactive data website features
• 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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