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What to expect in CNY? - BTMU

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Bank of Tokyo Mitsubishi explained that stabilization still seems the focus of policy and as we near the Chinese New Year holiday break trading may consolidate.

    Key Quotes:

    "With trading calmer it may not be necessary for PBOC to generate more CNH rates shock and awe despite the new RRR deadline Monday."

    "While yen and euro may gyrate to the latest monetary policy prognostications we think CNY/CNH are their own story right now. The GDP slight - ve miss probably means SOE profits will not have finished the year well."
    For more information, read our latest forex news.
     

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