EUR/JPY: Staying core short; AUD/CAD longs still attractive – SocGen

Analysis from Societe General
Societe Generale Research
maintains its structural bearish EUR/JPY bias, and likes long AUD/CAD over the coming weeks. 

"The S&P decision not to downgrade Italy on Friday, and a
risk-positive mood this morning, have taken EUR/JPY back above 116 and
EUR/USD above 1.08. But Q1 Eurozone GDP data risk being a lot worse than