Free Trial

Selling going through in Estoxx


Bullish Focus


What to watch


Spanish Factory Gate Inflation Soars to 35.9%


Opening calls


USDNOK is up 0.49% in early trade

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Looking ahead to ’22, J.P.Morgan “expect the passive appreciation in CNY FX this year to carry over into H122 as the legacy COVID-related supports including upbeat inflows and flush USD buffers are unlikely to fade in the near term.”

  • They “hold onto a bullish view in CFETS TWI positioned via CNH longs against KRW in cash and against EUR in options.”
  • They expect “USD/CNY to stay around CNY6.35 throughout H122 alongside weakness in the majors and a higher DXY, which should create another 2-2.5% headroom for CNY TWI. While the precise timing is difficult to pin down, expect CNY strength to peak by around mid-year and forecast a mild upward drift in USD/CNY to CNY6.55 by YE22 assuming greater RoW normalization and the FX market’s front-running of China’s border re-opening as the country approaches herd immunity.”