The Peoples Bank of China are still fucking with the market with a super low FX fix @ 6.75 against the USD.
Nice. By allowing the Yuan to strengthen (on again/off again), this causes Japan to hold off on devaluing their YEN (no support for intervention from US/China). Good tactic in someways, but it raises the ante of a protectionism/trade war/geopolitical tensions re: China bidding the YEN up to kill Japan's export edge.
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