(VIANEWS) – USD/CNH (USDCNH) has been up by 1.65% for the last 10 sessions. At 06:07 EST on Friday, 23 February, USD/CNH (USDCNH) is $7.21.
USD/CNH’s yearly highs and lows, it’s 0.147% up from its 52-week low and 0.079% down from its 52-week high.
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- According to FXStreet on Wednesday, 21 February, "Meanwhile, expectations that the Federal Reserve (Fed) will start cutting interest rates in the coming months keep the US Dollar (USD) bulls on the defensive near a two-week low touched on Tuesday and further contribute to capping the USD/JPY pair.", "Moreover, oscillators on the daily chart are holding in the positive territory and are still away from the overbought zone, validating the constructive outlook for the USD/JPY pair. "
- Usd/jpy: A substantial turn lower probably requires a turn in the broad dollar trend – ING. According to FXStreet on Thursday, 22 February, "A substantial turn lower in the USD/JPY probably requires a turn in the broad Dollar trend, something we look for late in the second quarter. ", "Should USD/JPY make it into the 155.00/160.00 area beforehand, we would see that as a good medium-term level for corporates to ratchet higher their USD receivables/JPY payables hedging plans."
- Usd/jpy analysis: bulls await FOMC minutes – 21 February 2024. According to DailyForex on Wednesday, 21 February, "Generally, the overall outlook for the performance of the USD/JPY pair remains bullish as long as it stays stable around and above the psychological resistance level of 150.00, which provides bulls with enough momentum for further upward movement. "
- Usd/jpy seen at 140.00 on a 12-month view – rabobank. According to FXStreet on Thursday, 22 February, "Near-term, we expect the November high just below 152.00 to act as strong resistance of USD/JPY as the market approaches the March and April BoJ policy meetings.", "We now see USD/JPY at 140.00 on a 12-month view compared with a previous forecast of 135.00."
- Usd/jpy on the high end above 150.40 as greenback finds bidders. According to FXStreet on Thursday, 22 February, "With Japan coming back to the market fold after taking the day off to celebrate Japanese Emperor Naruhito’s birthday, a federally-observed holiday, USD/JPY markets return in full just in time to see Friday’s Federal Reserve (Fed) Monetary Policy Report before shuttering for the weekend.", "With the brunt of the week’s data releases out of the way, USD/JPY traders will be pivoting to look ahead to next week’s hefty economic calendar."
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