FW: [Maybank] AXJs Taking The Lead From CNY

 

 

, GBL: AXJs Taking The Lead From CNY Global Markets Daily by Saktiandi Supaat FX Research Yesterday's surprise move by the PBOC to make the CNY more market determined triggered a sell-off in the CNY, CNH. The effect of the Chinese move was more far-reaching with spillovers to the AXJs. USD/AXJs mostly climbed higher in the aftermath of the PBOC move. The higher USD/AXJs should come as a relief to regional central banks who have recently been warning against one-way bets. The USDJPY continues to slip lower on the lingering effects of market speculation that a BOJ move to taper ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@maybank.com.sg Disclaimer This email and its attachment(s) are confidential and are intended solely for the use of the individual to whom it is addressed. Any views or opinions expressed are solely those of the author and do not necessarily represent those of Maybank Kim Eng or any of its affiliates. Intended recipients of this email are prohibited from disseminating, forwarding, printing and/or copying its contents. If you are not the intended recipient of this email, you are strictly prohibited to take any action based upon them, which also includes dissemination, forwarding, printing and copying of its contents. Maybank Kim Eng Research sent this e-mail to you because your Notification Preferences indicate that you want to receive information about our daily research reports. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please contact your representative HERE.