Broad USD Softness Lifts CNY, JPY, KRW and EUR Together, Repricing the Transfer Book
USD/CNY slid to 6.6529, USD/JPY to 157.25 and USD/KRW to 1334.18 in unison, with EUR/USD above 1.1197; transfer landed costs reprice by currency and CIPS direct clearing sheds the USD leg.