Preferred positions in the FX space - Nomura

Analysts at Nomura offered their preferred trades.

Key Quotes:

"In the G10 space, we like: EUR/USD higher, supported by the improving eurozone economy, larger relative changes coming from the ECB, and the large current account surplus; look for GBP to outperform a basket consisting of the USD, EUR and AUD; and think NZD/JPY can rise in an environment of reduced political risk and positive carry. 

Outside of the G10, we like to be long INR/CNH, short EUR/CZK, and continue to hold USD/MNX call spreads."