Forex Analysis Report 5-24-19…Possible Trade Set-Up To Short Euro/Jpy

As U.S.-China trade-war rhetoric escalates without any plan for a resumption of negotiations, currency strategists are mapping out foreign-exchange implications.

Bank of America Corp. sees the Japanese yen strengthening as investors flee risky assets, and has recommended an associated euro-yen trade. Goldman Sachs Group Inc. warns that currencies from the euro to South Africa’s rand and Chile’s peso could be in the firing line.

Over at Bank of America, the currency team last week initiated a three-month put spread that takes a short position on the euro-yen currency pair, with the view that investors will be seeking a haven with no quick

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