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MUFG has included a EUR/USD position with a comparatively lengthy duration in its ToTW collection (spot value: 1.0920), anticipating a rise to 1.1320 while having a safety measure at 1.0620.

MUFG suggests a fresh long EUR/USD trade concept due to the recent rise in upward movement of the currency pair. They believe that there is potential for this rebound to continue and reach new highs for the year, surpassing the April level of approximately 1.1100.

MUFG has a sustained position in AUD/NZD, with the goal of reaching 1.1200, and a stop at 1.0700.

According to MUFG, we are sticking to our plan of trading AUD/NZD for an extended period to account for the belief that there will be a reduction in the differences between RBA and RBNZ’s policies in the immediate future.

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