EUR: Remain Bearish. Bearish. While a period of USD correction could slow the pace of EUR depreciation somewhat, we think most support will be in high yielding currencies where investors could pick up carry. With little yield incentive, EUR will receive less support. Instead, it may even be used as a funding alternative to USD, adding to pressure on the currency. In addition, risks surrounding Greece remain elevated, even if the market is somewhat less focused on them at the moment. JPY: Strong on the Crosses. Bullish. We remain bullish on JPY on the crosses for a few reasons. First, Japanese investors sold record ... (full story)