Morgan Stanley and its trade
Analysts at Morgan Stanley are bullish on USD. The bank has GBP/USD short at $1.5640. Specialists also think that conditions for JPY weakness like portfolio outflows and the pressure on the Bank of Japan to conduct further easing are back in place. MS wants to buy USD/JPY at the current levels around 97.00 with a stop at 95.75 and a target at 106.00.