Danske Bank Look For SEK10.30-50 Range In Coming Weeks

Danske Bank note that "the Fed's unwillingness to add further impetus to the reflation narrative removes the arguably most important near-term potential tailwind for the SEK. Price action since FOMC has been rather indecisive, however, although a test of SEK10.50 might be in the cards for EUR/SEK. We acknowledge that upside risks have risen, as suggested by recent moves in 25d risk reversals, and prefer to play the SEK10.30-10.50 range in EUR/SEK in coming weeks. We expect neither any new policy signals nor any direct comments regarding the SEK from the Riksbank meeting next week and thus expect it to be rather SEK-neutral."