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25 Aug 2017

USD/CNY fix projection: 6.6598 - Nomura

Analysts at Nomura offered their projections for the USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 73 pips higher than the previous fix (6.6598 from 6.6525) and 2 pips lower than the previous official spot USD/CNY close of 6.6600. The basket implied change is 2 pips lower than the previous official spot USD/CNY close (6.6598 from 6.6600)."

Aug 25, 2017

USD/JPY: no great shakes around 109.50 in Tokyo open, awaiting Yellen's speech

Currently, USD/JPY is trading at 109.56, up 0.01% on the day, having posted a daily high at 109.63 and low at 109.49. USD/JPY has opened Tokyo with a
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Aug 25, 2017

Japan mulls departure tax plan in 2018 budget - NHK

NHK, Japan’s national broadcaster reported earlier on the day, the Japanese government is mulling departure tax plan in 2018 budget.
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