USD/JPY collapses after anoother Yuan devaluation

Risk off is hitting Asian markets yet again after the PBOC set today's USD/CNY mid-point at 6.5314 vs yesterday's fix of 6.5169 and close at 6.5157, which is a sharp devaluation causing more market unrest.
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Today's PBOC USD/CNY fix was highest since April 2011

Today's PBOC USD/CNY mid-point at 6.5314 vs yesterday's fix of 6.5169 and close at 6.5157, was the highest reference rate since April 2011.
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