The Asian trading session has gone into sleep mode and nothing is moving.
The Chinese MOFCOM are still on the newswires, telling Japan that it has no right to be commenting on the Chinese trade balance. It has also re-stated that even a 3% rise in the CNY would place a lot of pressure on Chinese exporters. This is posturing because as we know the Chinese domestic market has grown immensely in the last 18 months as have Chinese exports to other Asian nations, so China is no longer overly reliant on exports to the US.
