BAML View: FXWW

From the FXWW Chatroom – BAML….Risk still supported, but be cautious. Further USD upside limited. We like JPY, but wait for right time to buy EUR and GBP.
We are bearish CAD. We maintain bearish m-t CHF view, but hard to make n-t case.
Funds have increased EM FX exposure. EM carry trades have outperformed, but stamina less vs 2016

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