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Reuters - 15 hours ago

FX options wrap - PCE risk, JPY 150, BoE Bets, euro low

BUZZ-FX options wrap - PCE risk, JPY 150, BoE Bets, euro low A busier week for FX with the closing of short JPY positions being the main driver before next week's central bank meetings . However, JPY demand and broader FX option implied volatility has peaked for now. U.S. PCE inflation data can offer more clues on next week's U.S. policy decision and the U.S.

Reuters - 17 hours ago

Month-end FX hedge rebalancing expectations

BUZZ-COMMENT-Month-end FX hedge rebalancing expectations July 26 (Reuters) - Barclays have released signals from their proprietary month-end rebalancing model and it indicates a weak USD buying against most of the major currencies by month end, with a moderate signal on USD/JPY due to the significant JPY appreciation this month. Barclays note that the confluence of mixed US data, renewed focus on the US election and a fairly weak earnings season has triggered sharp FX moves in the course of what

Reuters - 18 hours ago

USD/JPY still risks this correction breaking 150.00

BUZZ-COMMENT-USD/JPY still risks this correction breaking 150.00 July 25 (Reuters) - A well timed bout of USD/JPY interventions (as a U.S. easing cycle begins) has been fuelled by the paring of short JPY positions and has raised the probability of a 150.00 break/extension. The market was holding the biggest JPY short position in many years and despite USD/JPY already falling 10 big figures from its new multi decade high at 161.96 on 3 July, there should be plenty more shorts to offload.

Reuters - 21 hours ago

China's yuan eases slightly as dollar stabilises

China's yuan eases slightly as dollar stabilises SHANGHAI, July 26 (Reuters) - The yuan eased slightly against the U.S. dollar on Friday, after having notched up its strongest close in two months a day earlier. That was largely due to a firmer footing for the dollar which lost much ground against the yen on Thursday as carry trades were unwound. The yuan CNY=CFXS was 0.04% lower against the dollar at 7.2481 as of 0348 GMT.

Reuters - 23 hours ago

China Policy Watch-What the changing PBOC fix reveals

BUZZ-COMMENT-China Policy Watch-What the changing PBOC fix reveals July 26 (Reuters) - China's swift and aggressive interest rate cuts this week shocked investors , but there could be even more policy change to come, as Beijing pulls out the stops to revive the economy. FX policy might be the next lever to pull. The central bank's daily yuan midpoint deserves more scrutiny than usual following Thursday's sharp USD/CNY drop linked to a Japanese yen surge, unwinding of carry trades, and suspected

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