The report highlights a cautious, tactical approach to G10 FX markets ahead of month-end rebalancing and US payroll data. The author maintains a largely neutral USD stance while managing specific tactical shorts and longs in JPY, CAD, and GBP.
Key Takeaways
- 1.Market sentiment for USD remains in a holding pattern as investors wait for payroll data, leading to a tactical neutral stance.
- 2.Sterling volatility is expected due to changing political sentiment regarding potential candidates for Chancellor.
- 3.USD/JPY shorts are favored while maintaining caution regarding potential Ministry of Finance interventions.
Table of Contents
- FUR
- GBP
- JPY
- CHF
- CAD
- AUD
- NZD
- SEK
- NOK
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Authors
Laoise Ni Thighearnaigh
Securities
USDJPYUSDCAD
Themes
Month-end rebalancingUS Monetary Policy
Regions
GlobalUnited StatesJapanUK