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China will further develop offshore yuan markets and expand offshore yuan liquidity to promote the currency's internationalisation, deputy central bank governor Lu Lei said. Authorities will keep offshore yuan liquidity ample and stable and make issuance of sovereign bonds…
***General Trend and Developments*** -The Japanese Yen remains slightly offered amid quarter-end and Gotobi. Sato ’s comments are now keenly awaited, especially ahead of the next BOJ decision [Jul 31st]. However, Japan 2-year bond traders seem unfazed given the stronger demand at auction -The PBOC continued to use its