PBOC sets USD/ CNY mid-point today at 6.9650

PBOC is expected to set the USD/CNY reference rate at 6.9644 – Reuters estimate

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.

USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.
CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.
A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.
The previous close was 6.9610

PBoC injects 19bn yuan of 7-day reverse repos at an unchanged rate of 2.0%

PBoC injects 141bn yuan of 14-day reverse repos at an unchanged rate of 2.15%

2bn yuan of RRs mature today

thus net 158bn yuan added on the day

People's Bank of China says of the large 14-day injection, that open market operations are aimed at ensuring year-end liquidity is stable.

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jpy JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term