This interview-style session sheds light on how a long-only asset manager and a macro hedge fund PM translate market views into FX positioning across the investment day. Speakers will walk through how ideas are generated, challenged and implemented- from macro signals and probability-weighted scenarios through to trade structuring, risk management and execution. Discussion will explore how their investment processes differ across investment horizons and mandates, including the role of market structure, liquidity, volatility and supply-demand dynamics in shaping trades. The session will also examine instrument choice across spot, options and rates products, how different market environments influence positioning decisions, and how FX exposure fits within broader cross-asset portfolio construction. Expect a practical look at how PMs move from views to trades- including real-world examples of how ideas have been expressed across macro regimes- and where process, discipline, correlations and adaptability matter more than prediction.