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China: Actively selling official reserves, once again – TDS

FXStreet (Delhi) - James Rossiter, Senior Global Strategist at TD Securities, notes that there was less laser focus on China through September and the direct market turbulence died down and attention shifted to the Fed, but with the tight trading of onshore-offshore yuan, there is an expectation that China was once again actively selling reserves to manage the currency.

Key Quotes

“The administrative measures they have implemented will limit the need for some of this intervention over time, but there has been a structural shift that is likely to entail further selling over time of Chinese and other EM reserves.”

JPY: Easing expectations from BOJ to withstand – Nomura

Yujiro Goto, Research Analyst at Nomura, suggests that market expectations for BOJ easing are likely to stay relatively high, beyond the meeting next week after the mixed inflation data of the last week.
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USD extends post-NFP recovery in Asia, UK Services PMI - key

A dull start to a busy week ahead, with thin liquidity as most Chinese and Australian traders remain on the side-lines on their respective national holiday. The USD/JPY pair regained 120 handle on its recovery from NFP-induced slump while the Antipodeans remain on the bids digesting the latest OZ fundamentals.
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