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Is Japan About To Crash, Or Explode Higher?
Market Depth
The PBOC's Warning on the Dollar Yuan
The PBOC set the upper trading band of the daily Yuan fixing at, what was it, 7.17 on Friday. Despite this, like, strange half-measured drawable attempt by the PBOC, we're seeing a fresh round of Wall Street price targets come out over the weekend in light of all this deteriorating macro data that I've been flagging as of late. This is USD strength rather than CNY weakness that's driving the dollar Yuan cross,. And look, it sounds fair enough, okay? So let's take a look.
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