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


FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY
FxWirePro: EUR/AUD bears maintain upper hand
NZDJPY Smashes 4-Month High on Kiwi Buying Frenzy – Bullish Setup Remains Strong
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets
FxWirePro- Major Pair levels and bias summary
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115
FxWirePro: AUD/USD firms slightly, but downward resumption looks likely
GBPJPY Stuck in Tight Range – Neutral Bias Persists Despite Bullish EMAs
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
EUR/JPY Poised to Slide — Sell Rallies into 185.30 with Eye on 183"
FxWirePro: USD/CNY edges lower , bearish outlook persists
FxWirePro: GBP/AUD loses momentum but outlook is bullish 



