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USD/CNH Is 1% Down In The Last 10 Sessions

ViaNews Editorial Team

February 15, 2024

USD/CNH Is 1% Down In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.49% for the last 10 sessions. At 08:10 EST on Thursday, 15 February, USD/CNH (USDCNH) is $7.22.

USD/CNH's yearly highs and lows, it's 0.044% up from its 52-week low and 0.102% down from its 52-week high.

News about

  • According to FXStreet on Wednesday, 14 February, "A sustained strength beyond could lift the USD/JPY pair further towards the 151.45 intermediate hurdle en route to the 152.00 neighbourhood, or a multi-decade peak set in October 2022 and retested in November 2023.", "Any further corrective slide, however, is likely to attract fresh buyers near the 150.30 area, which should limit losses for the USD/JPY pair near the 150.00 mark. "
  • Usd/jpy price analysis:  peaks shy of 151.00 as US treasury yields drop. According to FXStreet on Wednesday, 14 February, "The USD/JPY retreats after peaking at around the 150.80s area and drops toward the 150.50s area late in the North American session as US Treasury bond yields retrace after hitting year-to-date (YTD) high.", "From a technical perspective, the USD/JPY is upward biased after extending its gains above the Ichimoku Cloud (Kumo) and the Kijun and Tenkan-Sen levels. "
  • Usd/jpy analysis: return to the levels of Japanese intervention - 14 February 2024. According to DailyForex on Wednesday, 14 February, "As I expected before, USD/JPY is highly likely to move towards the 150.00 psychological resistance again, and through our live trading recommendations page, we always recommend buying USD/JPY from each level. "
  • Usd/jpy: the threat of intervention and speculation on a March hike should limit yen selling – MUFG. According to FXStreet on Wednesday, 14 February, "With USD/JPY now more or less in intervention territory, a March hike is more feasible.", "US developments as we saw on Tuesday take precedence but at higher USD/JPY levels, the threat of intervention and speculation on a March hike should limit Yen selling."
  • Usd/jpy analysis: the path May break the 150.00 - 13 February 2024. According to DailyForex on Tuesday, 13 February, "According to the performance on the daily time frame chart above, the general trend of the USD/JPY currency pair is still bullish, and as I mentioned above, the current movement will support the move towards the psychological resistance level of 150.00, which will support the strength and control of the bulls over the trend, and at the same time it will move the technical indicators. "

More news about USD/CNH (USDCNH).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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