I thought China was on holidays today, so I’m not sure what the bank regulator is doing on the newswires. Doesn’t matter, he’s being ignored anyway.

USD/JPY continues to drift lower even though the Nikkei is now only 0.2% lower on the day. AUD/JPY is down 70 pips from peak-to-trough so far today but the AUD/USD is still stalling at the .8550 break-up level. Both cable and EUR/USD are in the middle of their 30-pip session ranges.