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CHINA RATES

China Repo Rates Fall on Wednesday

BOJ

1- To 10-Year Rinban Conducted

CHINA PRESS

China Commodity Prices May Fall in H2: Yicai

KRW

Market Digest Hawkish BoK Minutes

ECB VIEW

Citi write that the cautious optimism on growth and light touch concerns on FX at the ECB today mean the bank are unlikely to stand in the way of EUR strength.

As a result, they stay long EURUSD via 22-March-21 $1.23/$1.25 call spread, originally added in November 2020.

Citi also note there was no new language on the flexible use of the PEPP envelope, no updates on what "flexible financial conditions" means and pushback on timelines for more work into a digital Euro.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com