China PBOC injects CNY20 billion yet again via OMOs today

MNI quoting traders, China PBOC injects CNY20 billion via 7-day reverse repos.

The net drain for the week stands at 205bn yuan versus 840bn yuan drained last week.

Mar 11, 2016

PBOC sets Yuan central parity at 6.4905 Fri vs 6.5127 last

On Friday, the Chinese central bank, PBOC, set the USD/CNY reference rate at 6.4905 versus 6.5127 Thursday close, halting the recent devaluation spree and marking the strongest yuan fix so far this year.

EUR/JPY up to the 4hr 200 sma post ECB

EUR/JPY is consolidating the upside where the cross rallied from the 200 sma on the 1hr chart on the back of the ECB and the euros eventual demand.