USD/JPY: In Stand-Off; AUD/USD; Pause Till Next Week CPI Data – SocGen

Societe Generale Cross Asset Strategy notes that USD/JPY is in a stand-off, caught between a BOJ which, on another day, would have sounded very dovish in contrast to the thoughts elsewhere of policy normalization, and the Treasury market.  

AUD/USD is pausing, possibly till the CPI data next week,” SocGen adds.

SocGen recommends long AUD/JPY and long EUR/JPY over the coming weeks.

Source: Societe Generale Cross Asset Research

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