EURJPY TECHS

Breaks Through Channel Base

USDJPY TECHS

Attention Remains On The Bear Channel Top

EURGBP TECHS

Approaching Key Support

GBPUSD TECHS

Pulls Back From Key Resistance

EURUSD TECHS

Sell-Off Extends

EQUITIES

European Stocks Edge Higher

CHINA
MNI (London)
CHINA: The yuan rose 3.38 percentage points against the U.S dollar in January,
the biggest monthly appreciation since 1994, when China ended the fixed exchange
rate system. 
- The sharp rise was mainly due to the weaker dollar. In addition, the foreign
exchange sales increased as market players were bullish the yuan, which
supported the strength of the currency
- On Wednesday, the yuan closed at 6.2920, the strongest since August 2015. 
- The rapid appreciation of the yuan has impacted exports. According to the PMI
reading released by National Bureau of Statistic today, the sub-index of exports
eased to 49.2, the lowest in 15 months.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com