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CNH2017 Commodities Futures Chart

 

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darth.stocks darth.stocks CNH2017, D, Long ,
CNH2017: Danger zone ahead: USDCNY to 6.90 region
98 0 3
CNH2017, D Long
Danger zone ahead: USDCNY to 6.90 region

It's starting to get exponential. This means more expensive for PBOC to fight against capital outflow. Expecting: - 0.1% NIRP by BOJ will not have an effect on JPY appreciation due to China capital outflows. 6.90 means about 10% and market expects a depreciation in the range of 20%. - further depreciation steps of PBOC likely after unexpected action by BOJ It is ...

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