(VIANEWS) – USD/CNH (USDCNH) has been up by 1.74% for the last 21 sessions. At 17:13 EST on Sunday, 9 July, USD/CNH (USDCNH) is $7.23.
USD/CNH’s yearly highs and lows, it’s 0% down from its 52-week low and 0% down from its 52-week high.
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- Usd/jpy remains on the defensive around 144.00, downside seems limited ahead of US NFP. According to FXStreet on Friday, 7 July, "The aforementioned fundamental backdrop seems tilted firmly in favour of the USD bulls and supports prospects for the emergence of some dip-buying around the USD/JPY pair. ", "Apart from this, the potential risk of intervention by Japanese authorities lends some support to the safe-haven Japanese Yen (JPY) and exerts some pressure on the USD/JPY pair. "
- Usd/jpy drops to two-week lows below 142.50 after NFP. According to FXStreet on Friday, 7 July, "The USD/JPY fell to 142.41, reaching the lowest level in two weeks after the release of US labor market data. "
- Usd/jpy price analysis: eyes further downside past 144.00 as US nfp, Japan intervention loom. According to FXStreet on Friday, 7 July, "If at all, the USD/JPY drops below 143.00, the 200-SMA and six-week-old horizontal support, respectively near 141.50 and 141.10-140.90, will be crucial to watch.", "Technically, a clear downside break of the 50-SMA, around 144.35 by the press time, joins the bearish MACD signals to favor the USD/JPY sellers."
- Usd/jpy free-falls towards 142.00 following US nfps. According to FXStreet on Saturday, 8 July, "On Friday, the USD/JPY plunged towards the 142.15 area, a two-week low, and is poised to record a weekly gain after three consecutive weeks of losses. "
- According to FXStreet on Friday, 7 July, "The Dollar was softer ahead of the data than recent rate/yield moves might have suggested; that’s to say that the very close correlation between USD/JPY and 5-year yield differentials has broken down a bit, and the jobs data narrow that gap slightly. ", "And then, maybe EUR/USD does make a move through 1.10 and USD/JPY can head back towards 140."
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