Morgan Stanley recommends buying NOK/JPY
Morgan Stanley gets on the oil trade this week. Last week they selling NZD/USD but were stopped out.
recommended
"The NOK should benefit from higher oil prices and Norway’s government taking
an expansionary fiscal course. In January, the petroleum fund transferred NOK
6.7bln ($781mln) to the government, the first such transfer since the fund was
set up.The petroleum fund releasing its 2015 balance sheet on March 9 is
unlikely to underwhelm the positive impact coming via higher oil prices and the
global asset rally.