A shift to the Defense Regime sees the DXY trading sideways, though timing such a pivot remains difficult to estimate, and elevated uncertainty and volatility keeps us neutral. EUR View: Neutral | Skew: Neutral A neutral stance on EUR/USD remains sensible in our view, but we note that signals from options market suggest investors may expect more EUR/USD weakness than is ultimately delivered. JPY View: Neutral | Skew: Neutral G10 FX Strategy | Global Our Latest Views Morgan Stanley's top G10 FX strategy view ...