MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

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

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AUD/JPY: Firms Above ¥96 Handle

AUD

AUD/JPY was supported yesterday rising ~1.1% breaching the ¥96 handle after the BoJ's dovish YCC tweak, this was the cross's strongest performance since late July.

  • In early trade on Wednesday we sit at ¥96.00/05.
  • The uptrend remains firmly in place bulls look to sustain the break of ¥96 to target high from 30 Sep (¥96.92) and ¥98.13 a Fibonacci projection.
  • On the downside the 20-Day EMA (¥95.15) is the first target for bears, a break of the measure opens ¥94 handle and the 200-Day EMA (¥93.48).
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