EUR/USD and USD/JPY: Banks betting on decline of dollar vs. euro, and an increase vs. yen

According to analyst PFX's bank portfolio, only 3 banks currently hold positions on EUR/USD, all long:

* Danske Bank entered into a trade on 01/05/2015 at 1.1160 with a target at 1.1389 and a stop at 1.1048
* Credit Suisse entered into a trade on 05/05/2015 at 1.1105 with a target at 1.1445 and a stop at 1.0960
* JP Morgan entered into a trade on 06/05/2015 at 1.1180, with an undefined target and a stop at 1.0975

Banks are therefore banking on a drop in the dollar against the euro, however, this is not the case on all pairs, since banks are also positioned for purchase on the USD/JPY:

* JP Morgan entered into a trade on 11/02/2014 at 113.99, with a target of 126 and a stop at 117.85
* Merrill Lynch entered into a trade on 04/22/2015 at 119.71 with a target of 124.59 and a stop at 118.32
* Danske Bank entered into a trade on 04/28/2015 at 119 with a target at 120.84 and a stop at 119.2
* NAB entered into a trade on 30/4/2015 at 119, with a target of 125 and a stop at 116.5