China's FX regulator, SAFE, out with latest figures 16 Aug

  • Jan-July net sales $109.3bln

21 month lows.

For commercial bank net sales read PBOC intervention

Says SAFE:

  • cross border capital flows in July continue to be basically contained
  • expects flows to remain stable

Meanwhile USDJPY moving higher to post 110.90 with yen selling also underpinning core pairs.

EURUSD up to 1.1755, GBPUSD up to 1.2874 AUDUSD testing 0.7850

More USDJPY offers into 111.00 as per the order board.

USDJPY 4hr