The yuan has moved more closely in sync with the overall performance of the region's currencies against the US dollar.

224

It makes a lot of sense for the authorities to allow for more volatility and faster appreciation. This is consistent with what the authorities have been saying, that they will allow more flexibility in the currency, especially in light of economic and political pressure from the U.S. and European Union.

212

We've seen the yuan go stronger even as the dollar had a big move up in its last trading session. That's abnormal and it's probably because the authorities are trying to use it for political effect.

198

In this light, we believe the pace of appreciation will likely be rather moderate in the coming weeks.

168

Authorities are opting for direct monetary policy instruments instead of allowing faster appreciation of the yuan to achieve the tightening effect. The pace of yuan appreciation will likely be rather moderate in the coming weeks.

158

The end of quantitative easing will definitely be yen positive. Government bond yields are going to rise and that increases the attraction of the yen.

155