In early Asia trading, offshore yuan has extended Friday’s collapse, testing the lower edge of the PBOC’s Yuan trading band once again.
Yuan traded as weak as 7.1925 against the USDollar…
Source: Bloomberg
Pressuring the weaker end of the Yuan peg band…
Source: Bloomberg
At the same time, USDJPY is tumbling (Yen strength), testing the lows of the flash-crash from early January…
Source: Bloomberg
Turmoil is coming.
Zero Hedge’s mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information’s unending quest for freedom. Visit https://www.zerohedge.com