China reopening after the Golden Week holiday.
– Prior close, before the holidays was 6.3571 (and setting on September 30 was 6.3613)
– So, a big rise for the yuan, the biggest rise since September 2
The PBOC to conduct reverse reps today … to inject 120bn yuan via 7-day reverse repos today, to inject 40bn yuan for the week (vs. net drain 10bn yuan last week)