From the FXWW Chatroom – HSBC: FX Tactician
Beware the risk “double whammy”
• Markets may have to cope with persistent US-China trade tensions…
• …and a Fed not yet ready to match the market’s expectation of swift and sizeable easing
• We remain positioned for a “risk off” environment, adding a sell EUR-JPY recommendation
Sell EUR-JPY @ 122.00, target 116.50, stop 124.20

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