May 28, 2024 10:10 GMT
FOREX: Credit Agricole's M/E 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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