💱 Value Trades Favored USD/JPY Short: Cable FX Macro

**As seen in Macro Walk report 11/11/2022, subscribe at cablefxm.co.uk/reports

• FX value strategies might keep these crosses on the watch. REER data provided by the BIS left the dollar as the most overvalued currency, the yen was the most undervalued

• We rank the BIS REER indexes based on their historic 3-year performance

• USD/JPY, GBP/USD, EUR/USD on the watch. Also, value strategies might avoid pairing dollar shorts to AUD and CHF