JP Morgan cite cocnerns over Trump's extra tariff impost on China.
- Says USD/CNH to rise at least 1% higher from its January closing level.
- analysts at the bank expect the People's Bank of China will step in to prevent the spot rate rising above 7.4
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JP Morgan see a much weaker Chinese yuan due to Trump tariffs, PBoC to step in
- People's Bank of China will allow the yuan to weaken, but not too much
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