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2 May 2018

USD/CNY fix projection: 6.3610 - Nomura

Analysts at Nomura offered their model's projection for today's fix in the USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 217 pips higher than the previous fix (6.3610 from 6.3393) and 171 pips higher than the previous official spot USD/CNY close of 6.3439. The basket implied change is 261 pips higher than the previous official spot USD/CNY close (6.3700 from 6.3439)."

May 2, 2018

USD/JPY: all eyes on the FOMC now, 110 here we come?

USD/JPY has been shoved over the 10-hr SMA at 109.77 in the open of Tokyo and the bears are taking back some ground as the pair reaches a cap of 109.9
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May 2, 2018

Japan April services PMI rises to highest in six months

Japan's service sector expanded at the fastest pace in six months, courtesy of a pick up in new orders. The index remained above the 50 threshold, sho
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