The yuan is edging to the topside of.....>

CHINA YUAN: The yuan is edging to the topside of its daily range, currently

trading at 6.8160. 

- Yuan crosses continue to show weakness, with CNHKRW hitting anew cycle low

today, trading at 165.50, its lowest level since mid-January. Some key support

areas are approaching though, with 165.00, 164.50 (marking the upward trendline

from the March 2017 low), and the January low of 163.00 all likely to act as

obstacles to further yuan underperformance. 

- JPYCNH trades at 6.1266, slightly off yesterday's highs but still clear of the

major support level at 6.0770, which marks the neckline of an inverse

head-and-shoulders formation. 

- After tagging resistance at 8.0000 yesterday, EURCNH has retraced back to

7.9600. The uptrend remains firmly intact. Bears need a close below 7.9000 to

gain some breathing room, while bulls need a close above 8.0000 to take the pair

into a new higher trading range.