USD/CNY fix model: Projection at 6.6787- Nomura

Nomura's model projects the fix to be 73 pips lower than the previous fix (6.6787 from 6.6860) and 12 pips lower than the previous official spot USD/CNY close of 6.6799. The basket implied change is 17 pips lower than the previous official spot USD/CNY close (6.6782 from 6.6799), Nomura adds

AUD/JPY: Bears' feast early Asia as 'risk off' worsens

AUD/JPY has been hammered since news came out, via FT, that BoE's Weale now favours immediate stimulus. While the headline may not have a direct effec
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