USD/CNY fix model: Projection at 6.5652 - Nomura

Nomura's model projects the fix to be 34 pips higher than the previous fix (6.5652 from 6.5618) and 68 pips lower than the previous official spot USD/CNY close of 6.5720. The basket implied change is 100 pips lower than the previous official spot USD/CNY close (6.5620 from 6.5720), Nomura adds.

Japan Trade Balance - BOP Basis: ¥697.1B (April) vs previous ¥927.2B

Japan Trade Balance - BOP Basis: ¥697.1B (April) vs previous ¥927.2B
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USD/JPY bears challenge bull's commitments at 107 the figure

USD/JPY is in decline still on the back of risk aversion and the yield spread declining ...
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