MUFG Research maintains a long EUR/USD and a short USD/JPY exposure in its ToTW portfolio. The short USD/JPY trade suffered today longs after the Bank of Japan left policy unchanged.

MUFG is long EUR/USD from 1.0950, targeting a move towards 1.1350, with a
stop at 1.0750. It last traded at 1.1016.

MUFG is also short USD/JPY from 134.70, with a target
at 129.00, and a stop at 138.50. It last traded at 136.24.

„We are maintaining our long EUR/USD trade idea and our short USD/JPY
trade idea despite today’s large post-Boj rebound,“ MUFG notes.

For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here.

This article was written by Adam Button at www.forexlive.com.