USD/CNH has been in demand from the......>

CHINA YUAN: USD/CNH has been in demand from the off amid the escalation of

concerns over the spread of the novel coronavirus. Friday's peak has remained

intact thus far, but the rate holds at elevated levels, last +162 pips at

CNH7.0528. Over the weekend, case counts in South Korea & Italy soared, G20

FinMins expressed worry over the epidemic & China's Hubei province warned that

the virus' incubation period may be longer than prev. estimated. 

- PBoC Dep Gov Chen told CCTV Friday that he doesn't exp. major moves in the

yuan. Over the weekend, Chen in the FT & Pres Xi in CCTV talked up the

stimulatory potential of China's policy toolkit. Beijing has been said to be

pushing for a quicker resumption of work, even as containment risk is elevated.

- Should Friday's peak/61.8% retracement of the Sep 3 - Jan 20 fall at

CNH7.0572/625 give way, bulls would target the Dec 3 high of CNH7.0870. Bears

would find some reprieve in a slide under the 100-DMA at CNH7.0072.

- A CNBC reporter tweeted that a joint WHO & China mission re: Covid-19 will

wrap up with a briefing slated for 19:00 Beijing time today. On the data front,

Saturday's official Chinese PMIs headline the local docket.