USD/JPY seems doomed to spike higher once it breaks 150 – SocGen

The quarter-end flows effect has faded. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes the FX market outlook.

What to own amid the chaos?

The USD/JPY pair seems doomed to spike higher once it breaks 150, and if that pressure on CNH, then another leg down for AUD, NZD and to a lesser extent CAD will follow too. 

What to own amid the chaos? Short AUD/CAD, short GBP/NOK and GBP/SEK (or EUR/NOK, EUR/SEK and EUR/CHF) look like the tactical trades for now.