Just over a week ago Morgan Stanley got a great fill on their USDJPY long so let's see how they faired this week

Short AUDUSD is the trade this week and they got in at 0.7540 yesterday, looking for 0.6900 with a stop at 0.7800. It was a toss up between this and a AUDNZD short.

"Short AUD/USD or Short AUD/NZD?: With USD turning more political, we also take a
look at valuations in the AUDNZD cross. However, despite NZ 4Q inflation and economic
data outperforming Australian data, we think AUD is already trading cheap to NZD. We
compare AUDNZD to the AU-NZ 2y yield differentials, as well as to the iron-ore/dairy
price ratio; to which the cross has shown good correlation in the past.

Conclusion: We recommend short AUDUSD with a target of 0.69. The target is in line
with the AUDUSD lows seen in August 2015 after the RMB devaluation, and again in Jan-
2016, which saw a sharp increase in Chinese rates.
Risks to the trade can come from an increase in fiscal spending from China and the US
keeping commodity prices and exports from Australia supported."

Despite being stopped out on their USDCAD long (Entry 1.33, stopped 1.31), they still remain bearish CAD and so are looking to go short the US border pair CAD/MXN at todays London fix price. They are after 15.00 with a stop at 16.75. Give or take a few beans, they should be in around 16.00.

"We were stopped out of our long USD/CAD position on a general USD selloff and market reaction to the announcement of the Keystone pipeline revival. However, we still like being short for three reasons. First, we think the market is too hawkishly priced following last week's BoC meeting. Second, the Canadian economy hasn't shown enough recovery in the last year to warrant investment. Lastly, we believe that Canada is not yet reflecting any risk of a trade protectionism scenario, which is a rising risk.

For this last reason, we prefer to trade CAD short against long MXN, as the former has priced in quite a bit of trade protectionism. If a policy suc as border adjustment is implemented, both countries would see their exports equally hit. While NAFTA re-negotiations certainly pose the risk of a contentious outcome, the resolution of uncertainty surrounding the future of US/Mexico relations could help reduce growth and political pressures in Mexico, muting the currency impact. Of course, the risk to the trade is that we get a worse than expected outcome in Mexico, with industry- or country-specific tariffs rather than a broad-based global policy"

Best of luck to them.

Here's their summary of some of the others.