(VIANEWS) – USD/CNH (USDCNH) has been up by 1.95% for the last 10 sessions. At 18:09 EST on Tuesday, 12 March, USD/CNH (USDCNH) is $7.19.
USD/CNH’s yearly highs and lows, it’s 0.04% up from its 52-week low and 0.004% down from its 52-week high.
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- According to FXStreet on Tuesday, 12 March, "This, in turn, will drive the USD demand in the near term and provide a fresh directional impetus to the USD/JPY pair.", "A sustained strength beyond, however, could lift the USD/JPY pair beyond the 148.00 mark, towards testing the next relevant hurdle near the 148.65-148.70 region. "
- According to FXStreet on Tuesday, 12 March, "Likely, the narrowing of the spreads between the US and Japan and the Eurozone and Japan (even though most of it is already anticipated) lead to lower levels in USD/JPY and EUR/JPY."
- Usd/jpy has risen in the first hour after the last three US CPI report releases by an average of +0.57% – MUFG. According to FXStreet on Tuesday, 12 March, "Looking back at the performance of USD/JPY just after the release of US CPI reports, there has been a clear trend for USD/JPY to strengthen in recent months. ", "The performance of USD/JPY will be driven today by the release of the latest US Consumer Price Index (CPI) report for February, economists at MUFG Bank say."
- Usd/jpy analysis: bearish week awaits US and Japan data – 11 March 2024. According to DailyForex on Monday, 11 March, "Based on the performance on the daily chart there has been a clear breach of the overall uptrend for the USD/JPY currency pair. ", "A break below the support level of 145.90 confirms bearish control over the USD/JPY direction. "
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