PBOC sets USD/CNY reference rate at 7.1182 vs. 7.1136 previous

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1182, as against the previous day's fix of 7.1136 and 7.1198 Reuters estimates.

Sep 11, 2024

USD/JPY recovers few pips from 142.00 mark, looks to US CPI for fresh impetus

The USD/JPY pair remains under some selling pressure for the second successive day on Wednesday, albeit finds some support near the 142.00 mark and recovers a few pips in the last hour.

BoJ’s Nagakawa: BoJ likely to adjust degree of monetary easing if economy, prices move in line with projection

Bank of Japan (BoJ) board member Junko Nagakawa said on Wednesday that the” BoJ is likely to adjust the degree of monetary easing if economy and prices move in line with its projection.” Additional quotes Even after July rate hike, real interest rates remain deeply negative, and accommodative monetary conditions are maintained.