Headlines:-
1. The New Zealand Dollar (NZD) has been the strongest major currency since the Asian-session open, while the Japanese Yen (JPY) remains the weakest. The pair USD/JPY remains in focus after having triggered long-trade entries at many trend-following funds.
2. The People’s Bank of China (PBOC) conducted a RMB 65.5 billion seven-day reverse‐repo today, with the rate unchanged at 1.4%. Additionally, an outright reverse‐repo of RMB 700 billion was initiated on the same day.
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