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Société Généralesays short GBPJPY is an appealing trade, maybe
Snippet from Soc Gen on the yen, looking at the US election and then the CPI data due on Thursday:
- In the US, tomorrow’s mid-term elections could gridlock the US Government
- Thursday’s CPI data should be well-behaved at the core level, which probably peaked in September
And that:
- Maybe there’s enough there to limit how much further US yields rise, even against a backdrop of continued solid employment data. If US yields are close to their highs, then US... Read More
Posted: Nov 8 2022, 01:42
Author Name: forexlive
Views: 110643
