Lower fix in USD/CNY expected - Nomura

Analysts at Nomura explained that their model1 projects the fix to be lower.

Key Quotes:

"Lower.by 32 pips from the previous fix (6.5118 from 6.5150) and lower by 27 pips from the previous spot USD/CNY official close (6.5145).

The basket implied change is lower by 54 pips from the previous spot USD/CNY official close (6.5091 from 6.5145)"

Mar 25, 2016

USD/JPY: taking on the bears on 113 handle

USD/JPY, popping higher in the Tokyo open, was making a modest attempt towards the 113.00 level earlier, recovering from the 112.35 lows and making further gains on the week on the back of hawkish rhetoric from FED's members, reversing the dovish outcome of the last FOMC.

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Mar 25, 2016

Pairs to be avoided are... Deutsche

Oliver Harvey, analyst at Deutsche Bank explained that the lack of trendiness persists in G10 with an average VHF standing at the 21st percentile. EUR/USD tops the technical scorecard in G10 space.

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