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USD/CNY fix model: Projection at 6.8996 - Nomura

Nomura's model projects the fix to be 392 pips higher than the previous fix (6.8996 from 6.8604) and 181 pips higher than the previous official spot USD/CNY close of 6.8815. The basket implied change is 272 pips higher than the previous official spot USD/CNY close (6.9087 from 6.8815), Nomura adds. 

BOJ Summary of Opinions: Will take some time for inflation to accelerate

According to the BOJ Summary of Opinions from its January 30/31 meeting, it will take some time for inflation to accelerate, adding that concerns over
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USD/JPY: bid within a correction of significant break below 112.00

Currently, USD/JPY is trading at 112.40, up 0.04% on the day, having posted a daily high at 112.42 and low at 112.26. Wall Street mixed in volatile U
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