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USD/CNY fix model: Projection at 6.4962 - Nomura

Nomura's model projects the fix to be lower by 158 pips from the previous fix (6.4962 from 6.5120) and lower by 7 pips from the previous spot USD/CNY official close 6.4969. omura adds that the basket implied change is lower by 13 pips from the previous spot USD/CNY official close (6.4956 from 6.4969).

USD/JPY: bears held up at 4hr 200 sma, so far

USD/JPY opened on the back foot for a test below the 111 handle in an extension of the early Asia grind lower from highs of 111.29.
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