Tag: MUFG
MUFG trade of the week: Short USD/JPY
weekly USDJPYMUFG Research added a short USD/JPY position (spot ref: 149:60) to its TOTW portfolio. The trade has a target at 143.00, and a stop at 15 [...]
Binance and Banking Giant MUFG Want to Drive Web3 Adoption in Japan by Issuing Stablecoins
Other jurisdictions like the European Union and even the U.K. have taken more stringent approaches to regulating stablecoins, particularly after one s [...]
Short The Japanese Yen And Swiss Franc Say MUFG
Foreign exchange specialists at MUFG are tipping the Swiss Franc (CHF) and the Japanese Yen (JPY) to fall over the next month.These forecasts are ba [...]
MUFG say eased restrictions on Chinese international travel are yen supportive
I posted earlier on China removing pandemic-related restrictions on group tours to more countries, including the U.S., Japan, South Korea and Australi [...]
MUFG trade of the week: Sell EUR/USD
EUR/USD dailyMUFG Research adds a new short EUR/USD position to its trade of the week portfolio targeting a move towards 1.0770, with a stop at 1.1160 [...]
FX fallout on stronger inflation print to be limited – MUFG
The US Dollar advanced yesterday and has stabilised today. For the Fed, the PCE inflation data today will be one key piece of info. Economist [...]
MUFG trade of the week: Staying long EUR/USD and long AUD/NZD
EURUSD weekly chart
MUFG maintains a long EUR/USD position to its TOTW portfolio (spot ref:
1.0920), with a target at 1.1320, and a stop at 1.0620. M [...]
MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform
Megabank Mitsubishi UFJ Financial Group (MUFG) has announced that its stablecoin issuance platform “Progmat Coin” will soon be used by Japanese banks [...]
Narrowing of the 10-year EZ-US spread will be a supportive factor for EUR/USD – MUFG
The 10-year EU-US spread has narrowed. This should support the EUR/USD pair, in the view of economists at MUFG Bank.
Spread / FX link tends to corre [...]
MUFG on the weaker data from China weighing on AUD
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MUFG trade of the week: Stay short USD/JPY, sell USD/CAD
USDCAD daily
MUFG Research maintains a short USD/JPY exposure (spot ref: 134:70) in its TOTW portfolio with a target at 129.00, and a stop at 138.50. [...]
MUFG trade of the week: Sell USD/BRL, stay short EUR/USD
USD/BRL weeklyMUFG has been riding the recent wave of EUR/USD weakness. The pair bounced back this week but is still below their entry price and they [...]
MUFG trade of the week: Sell EUR/USD
EURUSD daily with moving averagesThe euro slide isn't over.MUFG suggests selling the euro from 1.0675 (near spot) with a target of 1.0350 and a stop a [...]
Room for the South African Rand to play catch up with ongoing rally in EM FX – MUFG
Analysts at MUFG Bank see the USD/ZAR moving to the downside over the next days. They point out the South African Rand has failed [...]
Q4 Australian CPI report a tailwind for AUD – MUFG
MUFG Research sees a scope for AUD to stay supported around this week's AU Q4 CPI print."The Australian dollar has clearly benefitted from building op [...]