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J.P.Morgan Note Need For Watchful Eye In Short Run

CNY

J.P.Morgan suggest that "market confidence is still yet to be fully restored with the inflow enthusiasm evident in H121 hard to emulate. Although we recognize that CNY fallout risks are still contained by strong exporters' USD selling flows, steady bond inflows and the PBoC's more pronounced risk management, an asymmetrically large tail risk from the equity side still renders a more watchful stance on CNY necessary over the short run."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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