💱📊G10FX Model Composite Extends Gains In June: Cable FX Macro

• Noting a recent extension of gains in our G10FX model composite top rankings (short JPY / long GBP). We're a few sessions to end the month and the yen is underperforming peers, down 2.1% to the dollar

• Carry and volatility factors have taken sterling to the top ranks in our G10FX composite model. Meanwhile, momentum is dragging the yen lower, the factor is short yen and franc / long scandies and antipodes

• The Cable FX Macro G10FX Model Composite has traded in gains every month of the year except for May, it averaged a monthly 2.4% rise in Q1