Jaw-boning from officials may continue in the week ahead and we would be cautious with CHF and JPY pairs as the risk of intervention is present.

US corporate earnings downgrades weighed on the S& P500 and, which saw Eur, Aud and Nzd under renewed pressure and the Jpy and Usd bid.

美国企业收益下调，拖累标准普尔500指数，可以看到欧元，澳元和新西兰元在面临新的压力，日元和美元也参与了竞标。

Efforts by the Japanese government to intervene and weaken the JPY are likely to have a limited effect given the US policy of maintaining a weak USD.

由于美国维持美元弱势的政策，日本政府干预和削弱日元的努力影响有限；

While the JPY has appreciated significantly this year with the unwinding of the carry trade, equity returns have remained disappointing due to the weak growth outlook.

尽管由于套利交易解体，今年日元大幅度升值，股市回报却仍旧让人失望，这主要是由于经济增长前景暗淡。

The appreciation of JPY and earthquake disaster led to economic slow down in Japan.

日元升值和日本大地震让日本经济陷入低迷。

Dollar System puts some restraints on the internationalization of CNY and JPY.

美元体制强有力地制约着日元和人民币的国际化。

Technically, USD/ JPY is looking good, having broken above its Ichimoku cloud top yesterday and still above this morning.

技术上，美元兑日圆的走势向好，在周四升穿一目均衡图顶部后，周五早上继续企稳。

Usd/ jpy intervention concern trading range JPY 102.70-103.80

美元兑日圆干预忧虑预期波幅102.70–103.80

Then, through contrasting international system construction mode of the U.S. dollar, the Euro and the JPY, this paper concludes significance of system construction which is good for regionalization of RMB.

然后，通过美元、欧元和日元国际化制度构建模式的对比，从中总结其对人民币区域化制度构建的借鉴意义。

Overall, there iss growing sense that FX markets have formed a base, as deleveraging take a temporary pause and an intraday rally in the G10 ( selling of Usd& Jpy) should be considered.

总的来说，人们日益认识到外汇市场已经趋于稳定，杠杆化过程暂时得以停止，股市在一天内得到反弹，此时十国集团应考虑（出售美元与日元）。

Asian Session: JPY Consumer sentiment improves slightly but outlook is still glum.

亚洲市场：日本消费者信心略有改善，但前景依然低迷。

The following section is required for JPY wire requests only.

日圆电汇必须填写以下部分。

Many people criticize Pornhub for its lack of content moderation.

许多人批评Pornhub缺乏内容审核。

I stumbled upon Pornhub while browsing the internet.

我在浏览互联网时偶然发现了Pornhub。

Yes, the Shanghai Composite Stock Index has dropped almost 40 per cent since its June peak, but the Chinese economy has rarely been upset by fluctuations of its financial markets.

是的，上证综指（Shanghai Composite Stock Index）从6月份的高峰下跌了近40%，但中国经济很少受国内金融市场波动的影响。

The Shanghai Composite now trades at 25.7 times current earnings, up from just 9.7 times a year ago.

目前，上证综指（Shanghai Composite）的市盈率为25.7倍，高于一年前的区区9.7倍。

After the data release yesterday, the Shanghai Composite Index fell 0.58 per cent after rising 1.6 per cent on Tuesday.

昨日数据公布后，上证综指（Shanghai Composite Index）下跌0.58%，周二该指数上涨1.6%。

Talk of a bubble in China's market looms large, as the Shanghai Composite has doubled in 10 months and the Shenzhen Composite is up more than 50 per cent this year alone.

上证综指在10个月内翻了一番，而深证综指（Shenzhen Composite）仅今年就上涨逾50%。随着这两大行情的出现，有关中国市场存在泡沫的说法也甚嚣尘上。

The volatility of China's stock markets is investigated using GARCH type models.

采用GARCH类模型，利用上证综合指数对中国股市收益波动进行了实证研究。

The Securities Association of China said that the 21 brokers contributing to a market stabilisation fund would not sell stocks as long as the Shanghai Composite index remained below 4500.

中国证券业协会（Securities Association of China）表示，只要上证综指低于4500点，21家参与建立平准基金的券商就不会抛出股票。

The Shanghai Composite closed 2.8 per cent higher to 4,657.6 on Friday, a fresh seven-year high.

周五，上证综指（Shanghai Composite）收涨2.8%，收于4657.6点，为7年来新高点。