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BAML have put out their trade idea of the.....>

FOREX
FOREX: BAML have put out their trade idea of the week to short USDJPY. BofAML's
FX Strategist Kamal Sharma likes to sell USDJPY this week, on broad equity
market volatility and current tightening of financial conditions in the US. We
have seen increased USD weakness in overnight Asia session, with markets
continuing to reprice Fed hiking path (17 bps for Dec 2018, 16bps in 2019). On
this end, BofAML's STIRT desk highlights that, as we approach the 50%/60%
pricing for the Dec meeting, this would actually leave the door open for the Fed
to pause. 

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