– This week the scorecard recommends buying JPY, GBP, USD and selling AUD, SEK, NZD.
– Last week’s JPY sell-off seems overdone according to the model and the scorecard recommends buying JPY again this week. The long basket this week also includes USD, which was the second worst performing currency in the week ending Friday 2 May. Finally, technical and positioning input factors currently favour a long GBP position and thus GBP is also included in this week’s long basket.
Click here to read the full report: Market Research
Danske Bank