Credit Suisse summarizes its tactical bias on USD/JPY and GBP/USD.
"USD/JPY: "Prime beneﬁciary of the risk rally and planned US-China trade talks, with response to the rally in US yields very much delayed but playing catch-up overnight. 107.50/60 is important and looking for this to hold," CS notes.
GBP/USD: "Political nuances and the multitude of headlines is leaving GBP diﬃcult to trade intraday, with short GBP positioning greatly reduced. More inclined to play again from the short side but not an easy implementation and better staying very ﬂexible,' CS adds.