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CNY, JPY Most Active Currencies at NY Crossover

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FX volumes still lag slightly behind recent averages, with CNY, JPY the most active currencies so far Tuesday.

At the NY crossover, CNY trading is close to reaching its recent daily average, with activity clearly stimulated by reports that the US trade representative Lighthizer and his Chinese counterpart had reaffirmed their commitment to January's 'Phase One' trade deal.

The persistent equity rally has pressured the JPY further today, with USD/JPY spot narrowing the gap with first resistance at the Y106.58 50-dma.

Full volume update:


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

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