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J.P.Morgan Rotate Out Of EUR/USD Funded Baskets Into Short EUR Positions

EUR

In addition to establishing a short EUR/USD position on Friday, J.P.Morgan closed out their long RUB, NOK, CAD & JPY trades vs. 50/50 baskets of EUR & USD, rotating into short EUR/RUB (spot ref RUB89.7601, stop-loss RUB93.0000), short EUR/NOK (spot ref NOK10.2777, stop-loss NOK10.5346) & short EUR/JPY (spot ref JPY126.84, stop-loss JPY129.69) outright.

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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