In a note to clients today, Bank of America Merrill Lynch reiterates its structural bullish USD views arguing that evidence says that the Greenback is in the midst of a medium, if not long term, bull trend. However, in the very short-term, BofA warns that across currencies, the USD looks set to correct further. "Looking at USD/JPY, the pair should decline towards the 103.00 area before resuming higher towards 107.50, while USD/CAD should correct back around 1.0764 before regaining its firm footing and resuming its long term bull trend to and through 1.1280," BofA projects. However, the most exciting USD pullback, ... (full story)