Eamonn Sheridan

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Central Banks
Narrow sort of range for yen 27 February 2026
Central Banks

Japan’s Katayama flags FX “urgency” as Takaichi fiscal push keeps yen pressured

  • More FX jawboning can slow near-term yen selling, but the bigger driver remains the policy mix: fiscal expansion and perceived pressure on BOJ tightening are yen-negative unless rate-hike expectations reassert.
Central Banks
usdcnh update 27 February 2026
Central Banks

USD/CNY rebounds as PBOC scraps FX risk reserve ratio to cool yuan rally - recap

  • The move is modestly RMB-negative at the margin and signals authorities are uncomfortable with rapid appreciation. Expect paring of yuan-long positions and near-term USD/CNY consolidation rather than a renewed sharp trend.
Central Banks
USD/JPY update 27 February 2026
Central Banks

Japan capital CPI slips under BOJ target in policy test

  • The mixed print may cap near-term yen gains as core CPI falls below 2%, but the firm core-core reading supports the BOJ’s gradual tightening path, limiting expectations of a policy pivot.
Central Banks
usdcnh update 27 February 2026
Central Banks

USD/CNY & USD/CNH jump as PBoC cuts FX RRR to zero, cooling yuan gains

  • The adjustment is modestly RMB-negative at the margin and signals authorities are uncomfortable with rapid appreciation. Expect more two-way volatility in USD/CNH rather than a sustained one-directional move.
Central Banks
usdcnh fx rrr news 27 February 2026
Central Banks

PBOC sets USD/ CNY reference rate for today at 6.9228 (vs. estimate at 6.8428)

  • PBOC CNY reference rate setting for the trading session ahead.
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