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It has been a solid Asian session for the.....>

CHINA
CHINA: It has been a solid Asian session for the yuan with USDCNH extending its
decline cleanly below its 200dma and Jan 11 lows to target the next round number
at 6.7000. While the yuan's gains have in part been a function of broad
greenback weakness, yuan crosses have also firmed, sending the yuan's REER to
fresh multi month highs. 
- Bond futures are flat after reversing early gains ahead of the 21dma. It has
been a quiet session in the swap space as markets look to the US Fed and
US-China trade talks. The yuan's gains are increasingly diverging from US-China
bond yield spreads. 
- Equities trade lower after the CSI300 posted a false break above the key 3200
level, triggering a reversal down to 3180. A series of profit warnings among
Chines corporates may be weighing on sentiment.

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