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Forex Flash: Keep long USD, and keep short EUR - Societe Generale

FXstreet.com (Barcelona) - Olivier Korber, FX Strategist at Societe Generale recommends staying long USD, and staying short EUR.

He writes, “The continued depreciation of EUR/USD drove the DXY Index to reach an intraday high of near 84.10, almost matching the high reached in July 2012. We recommend a risk-neutral short EUR basket trade for those who look to sidestep the periodic short-covering rallies in EUR/USD.”

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Bank of Tokyo Mitsubishi UFJ analysts feel that USD/JPY has a bullish bias and is set to range between 101.00 and 104.00.
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Forex Flash: Japan the fastest growing nation in G7 - BBH

Brown Brothers Harriman analysts note that Japan reported a stronger than expected Q1 GDP expansion, confirming it was the fastest growing economy in the G7.
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