SocGen on the euro
Societe Generale Cross Asset Strategy Research discusses its outlook for EUR/USD, USD/JPY, and EUR/JPY.
"The broad dollar story really hasn't changed much, and both EUR/USD and USD/JPY remain trapped in their current ranges: 1.1460-1.1880 and 111.50-115.50 respectively.
As for USD/JPY, it may test or break the top of the range in the coming weeks, but in the long run, it too will suffer a sharp correction (a fall for the dollar) when the BoJ decides it has done enough," SocGen notes.
"We're trying to be patient, aiming to get long EUR/USD and EUR/JPY in November," SocGen advises.
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