Category forex

Japan FX Warnings Fall Short

Verbal intervention risk rises as USD/JPY breaks above 2024 high Japan's latest FX rhetoric flags intervention risk but stops short of signalling it is imminent. The dollar's strength against the yen has drawn fresh concern from Japanese policymakers. Finance Min

PBOC Poised to Fix USD/CNY Midpoint at 6.7795

China’s central bank sets the daily yuan reference rate, influencing onshore trading within a 2% band around the midpoint. The People’s Bank of China is set to fix the USD/CNY reference rate at 6.7795, a key benchmark for the yuan’s daily trading range. The midpoint guides