Barclays Capital expects correction in dollar / yen and euro / pound

urrency analysts at Barclays Capital noted that the degree of undervaluation of the dollar / yen and the overvalued euro / pound are now at the annual highs and came close to critical levels. The bank added that, according to the latest CFTC, has accumulated a significant amount of net long positions on the yen against the dollar and net short speculative positions on the pound against the euro. Analysts point to the bank's bias in the pairs of dollar / yen and euro / pound, both in terms of positioning, both in terms of ratings - and this is evidence of a correction in the coming weeks. At the moment pair dollar / yen is at 89.33, the euro / pound - at 0.9222.