USD/CNY fix model: Projection at 6.4921 - Nomura

Nomura's model projects the fix to be higher by 39 pips from the previous fix (6.4921 from 6.4882) and lower by 14 pips from the previous spot USD/CNY official close 6.4935. Nomura adds that the basket implied change is lower by 28 pips from the previous spot USD/CNY official close (6.4907 from 6.4935).

Apr 27, 2016

GPIF head not planning changes in allocation - WSJ interview

Japan's Government Pension Investment Fund (GPIF) president Norihiro Takahashi, who oversees USD1.2tn as part of the country's national pension reserve fund, said in an interview with the WSJ, that Japan doesn't need to change its basic allocations as their determination to stimulate growth and inflation remains unshakable.

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Apr 27, 2016

USD/JPY: a tentative start ahead of BoJ Thursday

USD/JPY is slightly offered through 111.20 marking a low of 111.16, despite a positive start in Asian equities following the modestly higher close on Wall Street with the energy sector leading the way on the back of oil recovering to YTD highs of $44.44bbls WTI.

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