EUR/JPY points to a deeper drop towards 130 – SocGen EURJPY Banks
EUR/JPY licks its wounds after slump to 138.81. Nevertheless, economists at Société Générale expect the pair to suffer further losses toward 130.“For European and US fixed income markets, less Japanese buying could mean trouble ahead and greater pressure on domestic investors to absorb the overhang of new debt.”
“New highs for 10y Bund yields and swaps are possible Q1 if we bring together bearish forces including bond supply, higherfor EUR/JPY is showing an interesting parallel with early 2015 and points to a deeper drop towards 130.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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