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CHINA: Losses in the offshore yuan driven by China's decision to cancel US trade
talks over the weekend have been relatively modest, with USDCNH trading at
6.8550. USDJPY has also shrugged off early losses to trade at daily highs.
CNHJPY is holding neckline support at the 16.40 level for now.
- 2-year interest rate swaps have also opened above the 3.0% level, trading at
3.01%, in line with Friday's close.
- While equity markets are closed today, futures markets are showing some
resilience, trading down roughly 1% from Friday's highs but remaining in their