MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

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

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Corrective Bottom Developing.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Corrective Bottom Developing
USDJPY has rebounded ahead of the 111.25/17 key support area, consistent with
the recent decline being a correction. Renewed gains back above 111.75/80 will
trigger renewed bullish signals, suggesting that a corrective bottom has been
traded at the 111.30 level. The current rebound is supported by bullish intraday
technical indicators and positive trend and momentum indicators on daily charts.
Once above 111.75/80 focus will return to the 112.15 recent high and then the
113.17 July highs over the medium term. However, below 111.25/17 the bullish
picture is challenged, while a break of 110.75 would mark a bearish reversal.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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