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22 Mar 2016

USD/CNY fix model: Projection at 6.4915 - Nomura

Nomura's model projects the fix to be higher by 91 pips from the previous fix (6.4915 from 6.4824) and higher by 57 pips from the previous spot USD/CNY official close 6.4858.

Nomura adds: "The basket implied change is higher by 76 pips from the previous spot USD/CNY official
close (6.4934 from 6.4858)."
Mar 22, 2016

EUR/JPY needs to breach 126.50 for steeper advance

EUR/JPY has found buying interest ahead of the Tokyo session, with the price re-visiting the 126.00 round number, first tested during the last US session, only to correct lower since the open of Tokyo.
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