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CNY: Incremental increases in usage expected – BBH

Brown Brothers Harriman (BBH) highlights that China is making progress in enhancing the international usage of the Yuan. The report discusses measures taken by the PBOC to support the Hong Kong Monetary Authority and the potential for incremental increases in Yuan usage globally, despite its current low levels compared to the Dollar.

China boosts international Yuan usage

"China continues to make progress in building the infrastructure necessary to increase the international usage of the yuan."

"Nevertheless, there is scope for incremental increases in yuan usage globally which is a structural tailwind for the currency."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

USD/JPY trades near November lows amid intervention talk, Fed decision awaited

The Japanese Yen (JPY) holds firm against the US Dollar (USD) on Monday, supported by broad Yen strength as markets price in rising intervention risks. At the time of writing, USD/JPY is trading around 154.00, after sliding to an intraday low of 153.31, hovering near its lowest level since November.
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Forex Today: US Dollar hits 2026 lows as Fed decision loom

The US Dollar (USD) collapsed, on headlines indicating that the United States (US) Federal Reserve (Fed) asked banks in New York about their position sizes in USD/JPY, leading to speculation that the US may be preparing to work with Japan on the Japanese Yen’s (JPY) ongoing weakness.
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