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MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

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MNI BRIEF: Japan May Core CPI Rises 2.5% Vs. April +2.2%

MNI JAPAN MAY CORE CPI +2.5% Y/Y; APRIL +2.2%

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*Dec29 euro-dollar open $1.1943,.......>

EURO SUMMARY
EURO SUMMARY: *Dec29 euro-dollar open $1.1943, range $1.1937 to $1.1949
*Euro opened in Asia toward the upper side of yesterday's $1.1888 to $1.1959
range, where a broadly weaker US dollar and end of year rebalancing flows,
helped place the euro on the offensive.
*The last trading day of the year was lacklustre affair, euro-dollar
consolidated in a tight $1.1937 to $1.1949 range.
*Resistance is noted at $1.1961/65, the area holds Nov27 high and 76.4% fib
retracement on $1.2092-$1.1554 decline, while hourly support is located in the
mid-$1.1920's.
*German inflation data for December provides the event risk for the session
ahead
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