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TDUX
Jun 16 - 01:55 AM

USD/JPY - USD/CNY Stays Up With USD/JPY As Data Douse China Hopes

By Ewen Chew  —  Jun 15 - 11:49 PM

• USD/CNY stays up after opening slightly higher, last 6.7605

• Bollinger downtrend channel affirmed on close below 6.7650

• Buoyant USD/JPY after as-expected BOJ hike supports USD/AXJ

• China econ data underscores dismal domestic demand

• Further aid needed to revive consumption while rate cut seems less likely

• Stats bureau says need to boost employment, incomes
CNY


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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