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Further Yuan devaluation unlikely – China’s Li

FXStreet (Edinburgh) - Li Keqiang, Premier of the People’s Republic of China, has discarded the need for a weaker Yuan in order to lift exports, adding at the same time that the country is able to keep the currency stable.

USD/JPY offered below 119.85/120.65 – Commerzbank

The offered tone will prevail on the pair while below the119.85/120.65 band, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank...
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EUR/USD back around 1.0900

The shared currency keeps the buoyant tone today, with EUR/USD gyrating around the 1.0900 handle ahead of the NA session...
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