MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Japan March Exports Hit 4th Straight Rise

Japan Mar Exports +7.3% Y/Y; Imports -4.9% Y/Y

MNI: JAPAN MARCH EXPORTS +7.3% Y/Y; FEB +7.8%

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Won Nearing Recent Cycle Lows

KRW

Spot USD/KRW trades +3.55 figs at KRW1,242.05 at typing, with bulls setting their sights on KRW1,244, a recent cycle high printed on Mar 15. Bears need a pullback under Apr 14 low of KRW1,222.95 to get some reprieve before targeting the 50-DMA at KRW1,217.10.

  • USD/KRW 1-month NDF last seen at KRW1,241.92, a touch lower on the day. Bears look for losses towards Apr 13 low/50-DMA at KRW1,222.27/1,218.77, while bulls keep an eye on Mar 15 high of KRW1,247.94.
  • South Korea's advance Q1 GDP will hit the wires on Tuesday, providing the highlight of next week's data docket. Business/consumer sentiment gauges and industrial output are also due.
  • On the political front, government sources told Yonhap that U.S. President Biden will likely visit Seoul on May 20-22 to meet with new South Korean President Yoon.
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