USD/JPY - Morgan
Stanley - LONG Position - From 112.95 - Closed at market at 113.90 (TOTW-M/T) +95
pips
EUR/AUD - Goldman
Sachs - LONG Position - From 1.4725 - Adjusted - Stop from 1.4725 to 1.4775,
Target: unch. (M/T)
BNPP
Our own view remains that the USD will fare
well in the second half of the year, just as it did in 2014, 2015 and 2016 as
US yields move to price a more complete Fed rate hike cycle.
Barclays
Recent sell off in European rates as nearly
done and looks to fade the rates induced EUR/USD rally at current level
A stabilization in European rates will
imply a toppish pattern for EUR/USD and we see scope for a gradual retracement
towards our H2 2017 forecast of 1.1
Morgan Stanley
MS expresses that maintaining limit order
EUR/USD long @ 1.12 We see EUR/USD trading towards 1.157
before retrace to 1.12 providing the opportunity to buy again.
EUR/GBP long @ 0.852 We like to buy EUR/GBP on dips, waiting
for the pair to hit middle of the trading channel
AUD/USD short @ 0.765 We add strategic short position in
AUD, seeing rising bond yields as negatively affecting AUD and Australian bank
funding cost.
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