PBOC sets yuan reference rate at 6.4746

FXStreet (Bali) - People’s Bank of China (PBOC) sets yuan reference rate at 6.4746 vs yesterday's close at 6.4808 and last fix of 6.4753. People’s Bank of China to injects 30 bn yuan through 7-dat reverse repos.

Dec 22, 2015

USD/JPY awaits US GDP Q3 final revision

USD/JPY was offered in a tight, but volatile ranges, in thin holiday markets early on overnight. The euro was one catalyst on the board in the US shift, but the Yen was unable to capitalise on the offer in the greenback below lows of 120.83 even while US stocks declined, although the 121 handle remains a solid platform again for the week by the looks of it. However, US data will start to flow in, the last for the year with GDP Q3 final revisions.

EUR/USD a last minute bid capped here for 2015?

Despite the Spanish elections and Fed hike, EUR/USD was a last minute bid overnight, meeting the 200 SMA at 1.0927 with a high scored at 1.0938. Moves can be a little exaggerated in the thinner markets and one must feel for the stops triggered and SMS notifications ruining your Xmas party.