MUFG Research recommends a new ToTW trade: long CHF/TRY (spot ref: 16.30) with a target at 17.3 and a stop at 15.70.
MUFG also maintains a short AUD/JPY position with a target of 84.50 and a stop at 92.50.
“We recommend a new long CHF/TRY trade idea and maintain our short AUD/JPY trade idea. We want to add a short TRY leg to reflect our long-standing bearish outlook,” MUFG notes.
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