USD/CNY fix model: Projection at 6.5181 - Nomura

Nomura's model projects the fix to be lower by 52 pips from the previous fix (6.5181 from 6.5233) and higher by 26 pips from the previous spot USD/CNY official close 6.5155. The basket implied change is higher by 32 pips from the previous spot USD/CNY official close (6.5187 from 6.5155), Nomura adds.

May 11, 2016

Abe adviser Fujii: Japan needs at least 10tln yen of fiscal spending

Japanese Primer Minister Abe's adviser, Mr. Fujii, is crossing the wires, noting that Japan needs at least 10tln yen of fiscal spending, Bloomberg reports.

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May 11, 2016

USD/JPY: bears testing bulls commitments on 109 handle

USD/JPY is currently on the offer in a better start in Tokyo than previous sessions following gains on Wall Street in a better risk profile given the recovery..

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