USD/CNY fix model - Projection: 289 pips higher to 6.5805 - Nomura

FXStreet (Bali) - Nomura's model projects the fix to be higher by 289 pips from the previous fix (6.5805 from 6.5516) and higher by 16 pips from the previous spot USD/CNY official close (6.5789).

Feb 1, 2016

USD/CNH rises strongly ahead of PBOC fix, market anticipating Yuan devaluation?

USD/CNH has surged over 100 pips breaking back above the 6.60 handle ahead of the PBOC fix, which may feel more pressured to start considering a Yuan devaluation once again, following last Friday's BOJ decision to adopt negative rates.

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Feb 1, 2016

AUD/JPY: capped by 100 dma at 86.16

AUD/JPY is trading below the 1hr 20 sma at 85.70 while we await the big news for today coming from Chinese PMI's. See here for a preview.

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