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AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Bullish Argument Down, But Not Out

EURGBP TECHS

Attention Is On Resistance

EQUITIES

Stocks Higher as Stimulus Here to Stay

CHINA PRESS

Chinese enterprises should step up their exchange rate risk management capacity, should be wary of market sentiment and adapt to higher yuan volatilities, the official People's Daily said in an editorial. Companies could consider hedging through FX derivatives or use the yuan as a settlement currency in cross-border transactions, wrote the newspaper. Financial institutions should increase hedging tools and reduce costs, the Daily said.