A snippet from JPM on their core strategic (6 month to 2 year) and tactical (1 to 6 month) recommendations, these for currencies:
JPM say that have few strategic trades, however for tactical trades they favour:
- Short EUR against CAD, USD, JPY (NOK and RUB also)
- Short AUD/USD
- Long CNH against the USD
(there are a few others but these majors)