MNI China Press Digest July 18: PBOC, Beijing, Arctic Shipping

MNI: PBOC Net Injects CNY47 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1285 Thurs; -1.29% Y/Y

CHINA PBOC CONDUCTS CNY49 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1285 THU VS 7.1318

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

Australia Jun Unemployment Rate 4.0%

Japan Jun Exports +5.4% Y/Y; Imports +3.2% Y/Y

MNI:AUSTRALIA JUN UNEMPLOYMENT RATE +4.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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USDJPY Volatility Continues As Pair Slides 120 Pips in Minutes

JPY
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  • Fresh round of Yen buying in recent trade takes USDJPY back on a 155 handle and as low as 155.11, just over a big figure lower in a few minutes.
  • Spot still well off the earlier 154.54 lows, however, given today's volatility amid suspected MoF intervention, it may be a matter of time.
  • As a reminder, initial key technical support to watch lies at 154.01, the 20-day EMA.
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  • Fresh round of Yen buying in recent trade takes USDJPY back on a 155 handle and as low as 155.11, just over a big figure lower in a few minutes.
  • Spot still well off the earlier 154.54 lows, however, given today's volatility amid suspected MoF intervention, it may be a matter of time.
  • As a reminder, initial key technical support to watch lies at 154.01, the 20-day EMA.