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Credit Suisse trade of the week: Sell EUR/JPY

Discussion in 'Market News' started by ForexLive, Feb 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    EUR/JPY trading down 58 pips to 124.73 Lopk for a bounce to sell in EUR/JPY this week, advises Credit Suisse in its weekly FX pick to clients. Our economists expect several pieces of weak European data this week. We expect the market will also come to realize there is a very slim likelihood of FX policy coordination at the G20 meeting, and this should have potential to keep JPY bid.

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