USD/CNY fix model: Projection at 6.5574 - Nomura

Nomura's model projects the fix to be 119 pips lower than the previous fix (6.5574 from 6.5693) and 46 pips lower than the previous official spot USD/CNY close of 6.5620. The basket implied change is 67 pips lower than the previous official spot USD/CNY close (6.5553 from 6.5620), Nomura adds.

May 26, 2016

Big bid in Yen out of the blue in early Tokyo

A big bid out of the blue in the Japanese Yen has caught the market by surprise, with USD/JPY falling over 60 pips from 110.20 down towards 109.60 for no appare

USD/JPY dumps half a yen in Tokyo, below 110.00

USD/JPY bears smashed the doors down in the Tokyo open, despite Asia opening on the coattails of a solid performance of overnight bourses and U.S. stocks.