G10 FX: 3 Factors Driving Risk Into Year-End; Impact On JPY, AUD, NZD - Nomura

Nomura FX Strategy Research discusses the outlook for risk sentiment into year-end outlining 3 factors that could stay in the front of investors' minds:
"(1) markets appear worried about another wave of Fed hikes; (2) growth surprises and most PMIs are close to their highs, but China looks to be slowing; and (3) there are a number of events coming up.
Because of these factors, we would look for the yen to perform well, commodity currencies, such as the AUD and NZD, to underperform and core rates to rally," Nomura argues.