Credit Suisse Research summarizes its tactical bias on EUR/USD and USD/JPY in Q2.
Our expected EURUSD range for Q2 is 1.0750 – 1.1400, targeting 1.0800 for end-Q2, keeping a quarterly range downgrade we have had in place since 2021. Levels above 1.1300 represent good entry levels for fresh shorts from a quarterly risk-return perspective," CS notes.
"For USDJPY, the test of the BOJ’s YCC commitment likely makes the Q2 range as wide as 118.00 – 130.00, with our old end-Q1 target now the base and our current 123.75 target as a pivot point," CS adds.
For bank trade ideas, check out eFX Plus.
