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PBOC sets yuan reference rate at 6.7623

The People's Bank of China (PBOC) set the yuan reference rate at 6.7623 vs the previous day's fix of 6.7744. 

GBP/JPY Technical Analysis: bearish close below 23.6% Fib

Daily chart Trend: Bearish R3 144.26 R2 143.65 R1 142.51 PP 141.91 S1 140.77 S2 140.16 S3 139.03
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China economic rebound to drive USDCNY lower to 6.55 by end-2019 – Morgan Stanley

Analysts at Morgan Stanley expect the Chinese Yuan to edge higher vs. the US dollar by this year-end amid an upturn in the Chinese economic recovery,
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