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PBOC injects a net 325 bln Yuan this week via OMOs

China Central Bank, PBOC, continues to inject funds for the second week in a row. PBOC injects a net 325 bln Yuan for the week via open market operations, versus a net 265.3 bln injection last week

For today, the Chinese central bank injected 70 bln Yuan through 7 day reverse repos, MNI quoted traders.

Japan’s Suga – Stimulus pack to be approved on August 2

Japan’s chief cabinet secretary Suga was on the wires informing markets that the fiscal stimulus package would be approved on August 2. Abe announced
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AUD/JPY trades around 50-DMA ahead of BOJ rate decision

Bid tone around AUD strengthened, ensuring AUD/JPY trimmed losses to trade around 50-DMA level of 78.38 levels. Markets fear BOJ could disappoint Ex
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