Markets are getting comfortable with the new China fx regime and remain calm this morning. Latest PBOC fix only 0.05% stronger versus Thursday 1.1% devaluation, is expected to have little impact on the fx markets Greenba…
Markets are getting comfortable with the new China fx regime and remain calm this morning. Latest PBOC fix only 0.05% stronger versus Thursday 1.1% devaluation, is expected to have little impact on the fx markets
Greenback climbed higher against the yen post Yuan fix, currently trading at 124.41, slightly lower from session highs at 124.52
Immediate resistance is seen at 124.52 (100-HMA) and further at 124.53 (hourly cloud top), while supports are located at 124.07 (Aug 13 Low) below that at 123.77 (Aug 12 Low)
Markets await a series of key macro releases from the US due later in the New York session for further direction
