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Global Wealth Insights

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The Short and Long | 2026 Q2 Macro Investment Views

The Short and Long: Differentiated investment insights

08 April 2026

The Short and Long | CIO Weekly Bulletin

The Short and Long: Differentiated investment insights

26 March 2026

Weekly Investment Insight

Investment Strategy

Weekly Spotlights

The belly of the curve remains highly
attractive


1 Apr 2026

The belly of the curve remains highly
attractive as the market path for Fed funds in the coming
years is unlikely to realize. A long Fed pause should imply more,
not less, rate cuts in forward space.


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Citi Analysts’ base case remains unchanged
that the Nikkei could rise to 65,000
(TOPIX at 4,300)

26 Mar 2026

Factors that mitigate the impact of rising crude oil prices
include corporate price pass-throughs and cost cuts, pressure
on the yen from deteriorating terms of trade acting positively
on the economy and corporate earnings, and government
countermeasures to deal with inflation (gasoline subsidies, etc.)

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Foreign Exchange

Investment Strategy

Weekly Spotlights

The 160 level may continue to represent
a solid barrier in USDJPY

1 Apr 2026

If USDJPY breaks 160, Citi Analysts think that the Japanese
government and the MoF will intervene to buy the JPY, which
could quickly result in a move towards 155.




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AUD remains a solid buy on dips at
least until theend of H1’2026

26 Mar 2026

AUDUSD may be well supported at the 0.68-0.69 level
even as further gains beyond 0.71-0.72 may be more
difficult to sustain. It is difficult to see more than a 2-3
big figure downside on non-USD crosses on the back of
a positioning adjustment and AUD remains a solid buy
on dips at least until the end of H1’2026.

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