• PBOC's Yi Gang briefing on the yuan came as a respite to markets, risk-on returns to the markets following the comments
  
  
• Yi  talked up the currency and stated that further bid depreciation in the domestic currency is unlikely
  
  
• Most Asian stocks turned in to the positive territory on Thursday after two back to back sessions of losses
  
  
• AUD/USD bounces back from session lows at 0.7331 to trade at 0.7387 at the time of writing, with a high of 0.7409 and a low of 0.7331
  
  
• Resistance is seen at Tuesday's 0.7440 high, while daily Tenkan-Sen at 0.7328 to offer support on the downside