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Credit Suisse: High stakes into year-end – eFXnews

FXStreet (Barcelona) - The eFXnews Team, notes that Credit Suisse believes the weak JPY and historically good performance of EUR and the European currencies points to very high stakes for EUR/USD and USD/JPY into year-end.

Key Quotes

"The stakes are therefore even higher than normal heading into the ECB meeting. This makes the euro area flash inflation estimate on 28 November a key data release for the market, in our view," CS argues.”

“"Given that we expect the ECB to announce new QE, we stick to our longstanding short EUR view going into December. However, if Draghi disappoints, EUR shorts could become a 'painful' position. And while we ultimately would use EURUSD upside to establish new shorts, we would be cautious in the interim in such a scenario," CS advises.”

“"Meanwhile, short JPY positions, at least on this measure, could have an easier ride through the end of the year," CS projects.”

This content has been provided under specific arrangement with eFXnews.

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