By Ewen Chew — Jan 17 - 10:20 PM
USD/CNY sags to 6.7761 from open 6.7780, but above Tues close
Will be supported by 6.7637 entrance of downtrend channel
Wed closing below that will reinstate bearish technical bias
Upside traction poor despite spike in USD/JPY after BOJ decision
BOJ kept policy, targets, YCC unchanged, dovish nL4N34301F
Yen dives as punters withdraw bets on BOJ tweaking policy
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary