USD/CNY fix model: Projection at 6.4762 - Nomura

Nomura's model projects the PBOC fix to be higher by 55 pips from the previous fix (6.4762 from 6.4707) and higher by 33 pips from the previous spot USD/CNY official close 6.4729.

Nomura adds that the basket implied change is higher by 41 pips from the previous spot USD/CNY official close (6.4770 from 6.4729).

USD/JPY: bid but headed back towards 200 week sma?

USD/JPY has rallied in the opening hour of Tokyo; however, we are in highly bearish territory and if the bulls cannot find traction back to 110...
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