Livesquawk reporting the headline and it’s probably from you-know-who.
That could well be adding to the fall in the buck. We’ll have the details as soon as we can grab them.
USD/JPY is down through 107 to a low of 106.85 while EUR/USD springs to 1.2984. Cable busts 1.6300 by 5 pips.
It’s a bit of a mixed bag of news coming out with some traders citing the PBOC news and others the WSJ article.
Keep an eye out on the 1.2987 level in EUR/USD I highlighted earlier.
In USD/JPY watch 106.60 as the first biggish line of support followed by 106.40/45 then stronger at 106.00/05, if we have a real blow out.
