Daily Kickstart (China FX Edition)

Daily Kickstart (China FX Edition)

Well, just as a weak yen propelled Japanese equities to a blockbuster start to 2017 on Wednesday, so has a stronger yen weighed on shares in Thursday trade. As tipped here a few hours back, the dollar fell sharply against its G10 peers in early overnight trade as traders reacted to the release of the Dec. Fed minutes and trimmed positions ahead of Friday's NFP data. The Nikkei fell around half a percent. Meanwhile, the offshore yuan advanced as much as 2.5% as deposit rates and forward points
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