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MUFG holds a “buy” position for EUR/USD in its TOTW portfolio at a reference spot of 1.0920 and aims for a target of 1.1320, but will stop if it falls to 1.0620. Additionally, MUFG has a “buy” position for AUD/NZD and anticipates it to move towards 1.1200, with a stop at 1.0700.

MUFG is holding onto their prolonged EUR/USD trading suggestion. The pair has revisited the highest point of the trading range from this year, which is found between 1.0500 and 1.1000. It is expected that the pair will shift closer to the maximum for the year so far, which occurred in April and is situated just under the 1.1100-mark.

MUFG confirms that they will continue to hold their AUD/NZD trading position for an extended period as they anticipate a decrease in policy differences between RBA and RBNZ.

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