In Open Market operations, the People's Bank of China:
- to inject 10bn yuan through 28 day reverse repos
- and 90bn yuan through 7-day reverse repos
Over the course of this week the bank's OMOs injected net 670bn yuan (was a 525bn injection last week)
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Elsewhere ...
USD/JPY is continuing its climb
EUR/JPY buyers have been cited as driving the earlier move above (USD/JPY) 101. There was some chatter it was fix related but there has been little pullback since 0055GMT.
