USDCNH I have been watching sentiment on this for a VERY VERY long time.. years and years I have never seen it this biased in so so long ago I am shorting this like a summamma beetch!
USDCNH ren looks stuffed medium term. inflation has collapsed in China. rates are getting cut. The banks are being ordered to support the ren. At some point this house of cards is going to get kicked in the butt. How long can the ren stave off devaluation? The "fundamentals" are screaming at it to go down. The only question is how far is China willing to go to defend it? Will we see another 2015 style situation?