- Entry:109.11, Target: 104.00, Stop: 110.70 (Medium-Term)
MACRO - MEDIUM-TERM — Latest Rationale Data in this trade have been derived from a short CHF/JPY position promoted by Morgan Stanley Research.
"The time has come for us to re-enter our structural,longer-term CHFJPY short position."JPY longs should benetand outperform CHF, given that
the structure of income balances suggests a higher risk sensitivity of Japanese foreign investments relative to
Swiss investments abroad," MS argues.
MACRO - MEDIUM-TERM — Latest Rationale Data in this trade have been derived from a short CHF/JPY position promoted by Morgan Stanley Research.
"The time has come for us to re-enter our structural,longer-term CHFJPY short position."JPY longs should benetand outperform CHF, given that
the structure of income balances suggests a higher risk sensitivity of Japanese foreign investments relative to
Swiss investments abroad," MS argues.