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Credit Agricole's Month-End Model Sees USD/JPY as Strongest Sell Signal

FOREX
  • They see equity market moves as suggesting month-end portfolio-rebalancing flows are likely to be moderate USD selling across the board, with the strongest sell signal in the case of USD/JPY.
  • Separately, their corporate flow model is pointing to EUR selling. As such, their combined strategy sells the USD vs a weighted basket of G10 currencies.
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  • They see equity market moves as suggesting month-end portfolio-rebalancing flows are likely to be moderate USD selling across the board, with the strongest sell signal in the case of USD/JPY.
  • Separately, their corporate flow model is pointing to EUR selling. As such, their combined strategy sells the USD vs a weighted basket of G10 currencies.