Our call last week for AXJ reversal (weakness) worked
well. USDSGD traded an intra-week high of 1.4129 while USDMYR traded high
of 4.3525. For next week, we look to fade political optimism (short EUR
and GBP) vs. relative stabilization in hard-commodities (long AUD, CAD)
as recent sell-off show signs of stabilization. We look for EURAUD,
GBPCAD to head lower towards 1.4610, 1.7540 levels, respectively. We also
see short term pullback risks for USDJPY, possibly towards 112.90, 112
levels. For ...