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Jul 29 - 03:55 AM

USD/JPY - USD/CNY Held Steady By USD/JPY Extending Slump, SSEC Slide

By Ewen Chew  —  Jul 29 - 01:35 AM
  • USD/CNY steady at slightly lower level 6.7428; SSEC -0.6%

  • Very heavy USD/JPY extends slump, weighing on USD/AXJ

  • But China equities' weakness creates updraft for USD/CNY

  • Likely to end above 21 DMA support line at 6.7347 again

  • COVID concerns brew on politburo statement nL1N2Z90PN

  • China FX regulator eyes foreigners' bond flows nB9N2YV000

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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