ACB's intervening heavily in domestic currencies

FXStreet (Bali) - ACB's (Asia Central Banks) are intervening heavily in domestic currencies after the lower CNY fix, market sources report.

Aug 13, 2015

AUD/JPY hits 92.00 handle after PBOC Yuan fix

AUD/JPY has seen an initial drop towards 91.20 only to bounce vigorously towards 91.86, now well en-route for a test of 92.00 after a close above 91.80 intraday horizontal resistance line.

USD/CNY breaks above 6.43, very volatile market

USD/CNY is trading in very volatile conditions at the open of the Chinese markets, currently trading above the 6.43 level after a PBOC Yuan reference rate of 6.4010 vs prior close 6.3858. Note, the prior fix (Wednesday) was at 6.3306.