MUFG trade of the week: Short USD/JPY

“We are maintaining a short USD/JPY trade idea… we are not convinced that the move higher in US yields and USD/JPY will be sustained. We expect to see evidence emerge that the US economy is being more negatively impacted by trade disruption and heightened policy uncertainty weighing down on USD/JPY,” MUFG notes.

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This article was written by Adam Button at www.forexlive.com.