The strong fluctuations in the RMB exchange rate may be related to Japan
In the morning trading today, the offshore RMB against the US dollar surged by more than 350 points, recovering to 7.24. When I woke up, I found that the USDT in my hand was not so attractive, and the cause of such a strong fluctuation may be related to Japan.
First, this morning, the Japanese foreign exchange affairs issued a speculative warning that the current depreciation of the yen is inconsistent with the fundamentals and is obviously driven by speculative behavior. This has led to a sharp drop in the US dollar.
Second, the RMB and the Japanese yen are in resonance, and the signals released over the weekend are conducive to the appreciation of the RMB.
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