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

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

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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