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Citi trade of the week: Buy USDJPY 112.57,....>

FOREX
FOREX: Citi trade of the week: Buy USDJPY 112.57, target 114.25 and stop 111.75
USD selloff positioning driven: As discussed in the latest Friday FAQs with
CitiFX Strategy, recent USD weakness looks to have been positioning driven.
Indeed our systematic hedge fund USD positioning on our Access Platform is the
lowest since early July, suggesting this investor segment is close to neutral.
The supports of our Triple Tailwinds framework for the USD remain firmly in
place and judging by the weekend's US-China developments, the trade war is
heating up and not cooling down. This makes recent USD softness an opportunity
to buy.

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