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Currency Carry Catch-up. G10 currency carry...>

FOREX
FOREX: Currency Carry Catch-up. G10 currency carry trades underperformed in Q1
as a result of the more challenging risk environment in February & March. But
there are now signs of a turn around.
- Total returns on G10 currency carry trades are starting to breakeven/turn
positive.
- The positive risk tone over the last 24 hours or so has added further fuel to
the fire, with higher yielding currencies outperforming.
- Both NZDJPY & AUDJPY are producing bullish technical signals. AUDJPY
consolidated higher following the breakout above a major descending channel,
while NZDJPY is now above the 100-DMA.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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