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Mar 27 - 01:55 AM

USD/JPY - USD/CNY Gains Augmented By USD/JPY, Challenging PBOC Fix

By Ewen Chew  —  Mar 27 - 12:10 AM
  • USD/CNY rises as high as 7.2289, nearing band ceiling

  • Top of daily band at 7.2365 based on PBOC fix 7.0946

  • Punters encouraged by crack in yuan's defenses nL2N3G504Z

  • Very heavily dampened USD/CNY fix fails to deter

  • State banks might have to step in to tame yuan bears

  • Yen hits weakest since 1990, dragging Asia FX nL2N3G5067

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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