Qing Wang
Qing Wang
abnormal dollar last move political seen stronger trading trying yuan
We've seen the yuan go stronger even as the dollar had a big move up in its last trading session. That's abnormal and it's probably because the authorities are trying to use it for political effect.
ability although bank china coming exchange influence likely present retain
Although the People's Bank of China will retain the ability to heavily influence the exchange rate, more flexibility will likely present in coming weeks.
attraction bond definitely easing government increases rise yields
The end of quantitative easing will definitely be yen positive. Government bond yields are going to rise and that increases the attraction of the yen.
achieve allowing appreciation coming direct faster instead likely moderate monetary pace policy rather yuan
Authorities are opting for direct monetary policy instruments instead of allowing faster appreciation of the yuan to achieve the tightening effect. The pace of yuan appreciation will likely be rather moderate in the coming weeks.