EURUSD: Our bullish views is supported by low valuation on a PPP basis, stronger Eurozone economic growth and expectation the ECB will end its asset purchase program in 2018. Downside risk comes from political uncertainty around elections and dovish forward guidance from the ECB. GBPUSD: Our cautiously positive fundamental view comes from a low Sterling valuation on a PPP basis as well as the Bank of England no longer easing policy. Downside risks are a ‘no deal Brexit’, potential for another snap UK election as well as a ‘one and done’ outlook for BOE rate hikes. USDJPY: Inflation continues to run very low in Japan ... (full story)