Flash: Eyes shift to USD bifurification - Nomura

FXstreet.com (Barcelona) - Nomura strategists highlight that over the last few weeks, they have commented on the very unusual dollar bifurcation ($/EM strength, $/G10 weakness).

However, with a much clearer signal from the Fed, they expect broader based USD gains. They write, “In other words, after extreme bifurcation, we expect G10 crosses to catch up with the EM move. We are adding long USD/JPY and USD/CHF exposure to our FX portfolio.”