This report highlights a quiet, consolidation-heavy market environment across G10 currencies ahead of U.S. CPI data. Strategist Laoise Ni Thighearnaigh maintains a neutral stance on the USD while keeping specific exposure to JPY longs and high-beta currencies.
Key Takeaways
- 1.Market is in consolidation mode ahead of U.S. CPI data, with light liquidity typical of summer conditions.
- 2.JPY intervention risk remains a primary focus despite recent supply-driven weakness.
- 3.RBNZ meeting is a close call, with a 25bps hike expected but risks of a hold remaining.
Table of Contents
- FUR
- JPY
- CHF
- AUD
- NZD
- CAD
- SEK
- NOK
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Authors
Laoise Ni Thighearnaigh
Themes
Carry TradesIntervention RiskSummer Consolidation
Regions
GlobalUnited StatesJapanSwitzerland