Brandt's Biggest FX Bet Is Short EUR/JPY as Yen Strengthens
Peter Brandt's firm holds its largest futures and FX position in a short EUR/JPY trade as the yen gains on intervention and rate expectations.
Early FX prices for 19 October 2026 show EUR/USD lower, US equities soft over the weekend, and New Zealand the only market active.
Initial foreign-exchange pricing signals for Monday are out; US equities have been trading softly over the weekend so far. A weekend-news update will follow shortly.
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Peter Brandt's firm holds its largest futures and FX position in a short EUR/JPY trade as the yen gains on intervention and rate expectations.
The PBOC is expected to announce its daily USD/CNY midpoint around 0115 GMT, with Reuters estimating it at 6.6758.
MUFG expects the ECB to hold next week and deliver two more hikes through Q1 2027. It sees EUR/USD at 1.12 by year-end.
Stock futures point to sharp losses, oil nears $100, and Treasury yields fall amid renewed Iran strike fears. Earnings beats fail to lift some shares.