We forecast a gradual demand for the JPY on the premise of global economic uncertainties. This idea is supported by almost 50% decline in net short positions of large speculators on the JPY since May 2022 from negative 110k to 54k. However, speculative positions on the Euro recently flipped to the negative to dampen the optimism of a recovery on the Euro. BoJ has...
The Euro Area GDP expanded by 0.6% on quarter in Q1 2022, twice a 0.3% growth in the previous estimate, and above a downwardly revised 0.2% gain in Q4.
Improved export activities. Exports increased 0.4% while imports fell 0.6%.
Concerns around the war in Ukraine resulting in inflationary pressures on food prices and supply disruptions
The ECB is set to end 8...