FW: [Maybank] Cautious of USD Short Squeeze

 

 

, GBL: Cautious of USD Short Squeeze Global Markets Daily by Saktiandi Supaat FX Research While dollar index (DXY) remains near 3-month lows, USDAXJs have seen a mild rebound this morning. We shared that moves in some USD/AXJs may have been too sharp for some policymakers' comfort and reiterate our caution for "rebound risks" from here. Rebound in some USD/AXJs including USDKRW could re-visit 1069, 1074 levels. On the majors we see risk of double-top reversal for EUR in the near term targeting 1.1965. Resistance at 1.2092... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This email and its attachment(s) are confidential and are intended solely for the use of the individual to whom it is addressed. Any views or opinions expressed are solely those of the author and do not necessarily represent those of Maybank Kim Eng or any of its affiliates. Intended recipients of this email are prohibited from disseminating, forwarding, printing and/or copying its contents. If you are not the intended recipient of this email, you are strictly prohibited to take any action based upon them, which also includes dissemination, forwarding, printing and copying of its contents. Maybank Kim Eng Research sent this e-mail to you because your Notification Preferences indicate that you want to receive information about our daily research reports. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please contact your representative HERE.