JP Morgan have offered their opinions to be positioning selectively for further deleveraging of short-term speculative positions and longer-term bond positions following the biggest rise in interest rate volatility in 2-1/2 years and spillover to more unstable equity/FX conditions, but say to avoid big positions due to payrolls coming up at the end of the week and unattractive entry points. They suggest selling AUD and IDR vs USD, buying CHF vs EUR and USD. – FXstreet.com (London)
