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Home
> JP Morgan says to be long yen against USD and the euro
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JP Morgan says to be long yen against USD and the euro

Eamonn Sheridan
Eamonn Sheridan
Monday, 21/12/2020 | 23:36 GMT
21/12/2020 | 23:36 GMT
  • 0

JPM have a one to six month time horizon on the trade

  • which they cast as a 'tactical' trade

Recommend being long yen against shorts in USD and EUR

Interestingly is the threat of currency intervention hanging over USD/JPY now if it drops, this from yesterday:

  • Japanese Prime Minister Sugua has painted a target on USD/JPY - don't let it fall under 100
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