BOJ rate hike likely, yen rally at risk
BOJ expected to hike rates next week, but yen rally may be limited if Ueda signals caution.
China's central bank set the yuan reference rate at 6.7795, stronger than the 6.7086 estimate, and drained liquidity via reverse repos.
China's central bank permits the yuan to trade in a band of 2% on either side of the daily fixing.
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BOJ expected to hike rates next week, but yen rally may be limited if Ueda signals caution.
The yen hit a six-month high against the dollar as BOJ hike bets built, while China's August imports missed forecasts and the Kospi gained nearly 2%.
PBOC set the yuan central rate at 6.7804 per dollar, above estimates, and conducted a net 4 billion yuan drain via reverse repos.
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