he strong weekly close for US equities continues to remain a healthy sign for further gains especially as bullish sentiment is not near extremes yet. This is favourable for strength in the EUR and broader JPY weakness. We have highlighted medium term objectives for EUR/JPY and EUR/GBP in Figure 2. In Asian FX, INR is a standout on the TRENDS Heatmap. We expect further weakness in USD/INR towards 52.90 and 52.30.
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Barclays Capital