USD/CNY: Trumped up - BTMU

Analysts at Bank of Tokyo Mitsubishi noted that authorities clearly are following the weaker USD to allow the CNY to stabilize.

Key Quotes:

"Whether this will last longer than the Trump-inspired USD weakness remains to be seen."

"We are taking a view that Mr. Trump will take more than his expected share of the votes - maybe something with a 200-handle - but that he will lose the race."

"That may invite some retracement and we will see more clearly Chinese official intents by then."