USD/CNY fix model: Projection at 6.5202 - Nomura

Nommura's model projects the fix to be higher by 243 pips from the previous fix (6.5202 from 6.4959) and higher by 80 pips from the previous spot USD/CNY official close 6.5122. The basket implied change is higher by 103 pips from the previous spot USD/CNY official close (6.5225 from 6.5122), Nomura notes.

Japan Money Supply M2+CD (YoY) above expectations (3.2%) in April: Actual (3.3%)

Japan Money Supply M2+CD (YoY) above expectations (3.2%) in April: Actual (3.3%)
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USD/JPY soft and loses the 109 handle before key US data

USD/JPY has opened with some softness, losing the 109 handle and tha bas ethat it had made in late US early/Asia trade. The low so far has been 108.87 at time o
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