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Apr 28 - 11:55 PM

USD/JPY - USD/CNH Sags As Fix Heavily Dampened, But USD/JPY Rise Eyed

By Ewen Chew  —  Apr 28 - 09:35 PM
  • USD/CNH slips to 7.2633 from opening 7.2690; last 7.2668

  • Bullish inside Bollinger uptrend channel if 7.2647 holds

  • PBOC fix at 7.1066, around -1500 pips from neutral

  • Stronger dampening applied following Friday's DXY surge

  • Chinese FX authorities are still tightly controlling yuan

  • Japan's yen hitting new 34-yr low helps support USD/CNH

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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