USD/CNY projection: 6.6935 - Nomura

Analysts at Nomura offered their model's projection for today's fix in USD/CNY. Key Quotes: "Our model1 projects the fix to be 114 pips higher than
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USD/JPY: yearly high is the main resistance/bullish target at 113.38

Fed Chair Powell’s upbeat testimony took the limelight in markets overnight which supported the US dollar index and indeed sending USD/JPY on the warp
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