vendredi 17 mai 2013

FX CHAT: Morgan Stanley stays USD bullish, except USD/JPY

As it says the JPY-weakening momentum appears to be stalling and it sees potential for a downside correction in the rate. The bank notes its medium-term portfolio is long USD against a basket of currencies, short of GBP/USD and USD/JPY. The pairs now trade at 1.5249 and 102.47, respectively.

(gary.stride@dowjones.com)

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