Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Elon Musk is remaking the world, like Henry Ford before him – but more dangerously 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’ 
AI can be a personal trainer in your pocket – but is it safe? 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand 
Euro and Japanese Yen are two currencies where their respective central banks are most dovish in the world. Economists and market participants both the banks to ease policy further.
Euro area in spite of its ongoing weakness, showing greater potential for faster recovery compared to Japan.
On the other hand, with current ongoing global economic turmoil, especially around China and emerging markets might push Yen into heavy appreciation against all currencies, thanks to its safe haven status.
Due to similar monetary policies, the pair's move would depend more on relative dovish or hawkish bias.
As of now, we expect bank of Japan to be more dovish going ahead, in its bid to recover Japan's economy and push back again emerging deflationary threat.
Trade idea -
- Buy Euro against Yen at current price (136.3), with target around 146 and stop around 132.
- That's a nice 2:5 risk reward ratio.
- Resistance lies around 139 and 141.5 area, whereas interim support lies around 134.5 and 133.5 area.
