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2013.11.0101:42:00UTC+00Research: Buy Cad/jpy

Quotes from Societe Generale Cross Asset Research:

-Rationale: Favourable pro-risk macro environment into early 2014 should buoy yen crosses higher. In particular, we prefer CAD/JPY to USD/JPY to avoid direct dollar exposure. Canadian data also appears to have stopped surprising negatively. 
-Expression: Long CAD/JPY at 94.09, stop at a daily close below 92.00. Initial take-profit target at 100.00. 
-Risks: Risk aversion returns, causing wide yen squeeze. Canadian data disappoint again. 

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