Yuan’s Rollercoaster and JPY’s Floor
USDCNH & the Current Market Setup for Going Long JPY
China Yuan
🇨🇳Following Friday’s unusual and alarming sudden and steep drop in the yuan (USDCNH +0.75% through 7.25 level that’s been defended for months) which took Asia region currencies down with it (AUD, KRW, TWD and even JPY - which, in my view, is a major overlooked contributor to the head scratching post-BOJ rate hike JPY weakness).
PBOC flips bac…
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