On April 5th, Morgan Stanley stated that after the announcement of equivalent tariffs, traders believe that the risk of a US economic recession has increased, and the yen will rise by about 7% against the US dollar. Morgan Stanley’s team, including Koichi Sugisaki and David Adams, recommended going long on the Japanese yen and adjusted the target level: shorting the US dollar/Japanese yen at 146.40, with a target of 135 (previously 145) and a stop loss set at 151.
Scan code to share