Anyone remember the last time USDCNH erupted & stock market tanked?

China’s Peer-to-Peer Lenders Are Falling Like Dominoes as Panic Spreads

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China crackdown on bad debt forces wave of loans on the market

Financial Times17 hours ago
The supply of bad debt in China, estimated at $3tn last year, is expected to grow … market had led to what was described as a bubble in distressed debt prices.

BOJ’s Amamiya says central bank will buy bonds if yields rise rapidly

Reuters12 hours ago
KYOTO, Japan (Reuters) – Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the central bank will purchase government bonds “promptly …
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