Exclusive-China state-owned banks soak up dollars to slow yuan gains, sources say
Exclusive-China state-owned banks soak up dollars to slow yuan gains, sources say
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Week Ahead in FX (Oct. 21 – 25): BOC Decision and Global Flash PMIs in Focus
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USD/JPY’s fall from 157.88 short term top extended lower last week, but lost momentum after hitting 154.33. Initial bias is turned neutral this week first. On the downside, below 154.33 will target 55 D EMA (now at 153.11). Firm break there will bring deeper fall to 150.90 cluster (38.2% retracement of 139.87 to 157.88 at…
