A Friday note from TD (pre-weekend Turkey news this note)
Analysts at the bank recommended short EUR against yen
- set the short at 129.50 with a target at 126, stop loss 132.25
Citing:
- EUR to underperform due to ECB promises to increase PEPP thus lower expected long term yields
- Europe poorly managing vaccine rollout
- prefer short against yen and not USD due to UST yields likely to move higher on better US economy, SLR exemption not extending
