USD/JPY is up slightly in early Tokyo trade, currently at 81.70, with some dealers speculating on possible Gotobi (every 5th day of month there is traditional activity from Japanese importers) demand at the fix.
USD/JPY is up slightly in early Tokyo trade, currently at 81.70, with some dealers speculating on possible Gotobi (every 5th day of month there is traditional activity from Japanese importers) demand at the fix.
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PBoC uses 14-day reverse repos today ahead of Lunar New Year. The operation should help anchor money-market rates through the holiday period.
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