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Jan 17 - 09:55 PM

USD/JPY - USD/CNY Emerges From Downtrend Channel As USD/JPY Pulls

By Ewen Chew  —  Jan 17 - 08:40 PM
  • USD/CNY opens 6.7780 vs close 6.7689 after UST yields rise

  • Escape from Bollinger downtrend channel may spur short-trimming

  • Wed close below 6.7640 needed to reinstate bearish chart bias

  • PBOC sets yuan benchmark slightly stronger than forecasts

  • Fixing of 6.7602 below forecast range 6.7622-6.7653

  • USD/AXJ bouyant along with USD/JPY before BOJ policy decision

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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