A multi-purpose post on this holiday - impacted start to the FX week.

Plenty of centres closed here in Asian today:

The marker mover is this for oil (oil higher):

Anyway, back to the title of the post.

The PBOC (through CFETS) has set the USD/ CNY reference rate for today at 6.7035

For option expiries at Monday's 10am NY cut, the only significant are in USD/JPY

  • at strike price 111.00, amount USD 585m
  • strike price 112.00, amount USD 916m