Quesetion on China Trade Band and Effect on JPY | Forex Factory

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Quesetion on China Trade Band and Effect on JPY

  • #1
  • First Post: May 18, 2007 5:37am May 18, 2007 5:37am
The news just hit that China will widen the trade band from 0.3% to .5% and all of a sudden the yen dropped like Bush's ratings. I was wondering what is the link to the yen? and more imporantly, what's a trade band?

Thanks,
Gary
  • #2
  • May 18, 2007 12:58pm May 18, 2007 12:58pm
There are a whole bunch of posts related to this in the News and Analysis section.

http://forexfactory.com/forumdisplay.php?f=8
  • #3
  • May 18, 2007 6:25pm May 18, 2007 6:25pm
Quoting Kayoubi
The news just hit that China will widen the trade band from 0.3% to .5% and all of a sudden the yen dropped like Bush's ratings. I was wondering what is the link to the yen? and more imporantly, what's a trade band?

Thanks,
Gary
The daily trade band is the price range that the yuan can fluctuate in a day. Let say that yesterday's session ended at USD= 7.5000 Yuan. Today's trading band is 7.5000 ± 0.5%, 7.5000 ± 0.0375 or 7.4625-7.5375.
  • #4
  • Last Post: May 20, 2007 1:37am May 20, 2007 1:37am
Thanks guys, I'll check out what's out on this topic.
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