PBOC official Zeng Hui: PBOC to let market play bigger role in FX

FXStreet (Bali) - PBOC official Zeng Hui is crossing the wires, noting that the PBOC is looking to let the market play a bigger role in FX, adding that China may set up yuan overseas investment fund, and that PBOC is planning to further cut direct intervention in FX market.

May 29, 2015

USD/JPY: 123.65 is key support on bears 4hrs sticks - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted that USD/JPY surged to a fresh multi-year high of 124.45, before profit taking send it back below the 124.00 level.

USD/JPY off fresh lows, near 123.70,

The Japanese yen fought back its lost ground somewhat against the American dollar, keeping USD/JPY near session lows below 124 barrier. The major snapped its long run of gains and moved away from fresh twelve year peak reached on Thursday after the yen strengthened backed by above estimates Japan’s core CPI figures.