People's Bank of China mid-rate for on shore yuan for the day

  • the USD/CNY rate is permitted to vary by +/- 2% from this point for the session ahead
  • moves outside that range will be met with PBOC intervention to drive it back inside
  • USD/CNH is free from such restriction

PBOC skips open market operations

  • 110 billion yuan liquidity is drained from the market due to reverse repo expires
  • for the week as a while a net drain of 490bn yuan

Meanwhile the Bank of Japan increased its purchases of Japanese Government Bonds at today's scheduled QE operation

  • bought 420bn of those with 1-3 years until maturity, from 340bn the previous time

Earlier: