Societe Generale Cross Asset Strategy Research summarizes its outlook for USD/JPY and EUR/USD in the very near-term.
"USD/JPY will stay in its range for now, supported by a rise in US 10year TIPS to above 50bp, and by super-core Tokyo CPI coming it at an as-expected 0.2%.
EUR/USD held 1.1805 comfortably and ‘ought’ to test 1.1950 first, then 1.21 again," SocGen argues.
Source: Societe Generale Cross Asset ResearchOriginal Article
