Forex Flash: Yen down, gold down, what´s next? - Societe Generale

FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale notes that after the ye, we are now seeing the demise of another asset that had performed very strongly throughout the financial crisis.

He continues to ask, “what´s next?” He suspects that treasuries will be in the firing line next, but only when the US economy picks up again this summer. Additionally, he notes that nuclear action from the BoJ and the heavy commodity price correction are adding pressure on European central banks to ease. He writes, “This will be a focus this spring, at the expense of the GBP and EUR. The Riksbank has already turned more dovish: a good time to go long NOK vs SEK.”