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Citi recommends selling EUR/JPY this week

Discussion in 'Market News' started by ForexLive, Nov 30, 2015.

  1. ForexLive

    ForexLive Forum Member

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    The trade of the week from CitiFX Consider selling EUR/JPY this week, advises CitiFX in its weekly FX pick to clients. "...Although this is a weekly position, for longer-term investors we would note that if the ECB remains credible, there should be room for additional EUR weakness on Real Money adjusting benchmarks, renewed corporate issuance and further investor displacement all of which are EUR negative.

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