(VIANEWS) - USD/CNH (USDCNH) has been up by 1.49% for the last 5 sessions. At 12:07 EST on Tuesday, 2 April, USD/CNH (USDCNH) is $7.26.
USD/CNH's yearly highs and lows, it's 0.05% up from its 52-week low and 0.145% down from its 52-week high.
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- Usd/jpy analysis: yen near 34-year low - 02 April 2024. According to DailyForex on Tuesday, 2 April, "Ultimately, the general bullish trend of the USD/JPY pair will remain in place until the reaction to the announcement of US job numbers at the end of the week.", "However, it must be considered that the upcoming gains of the USD/JPY pair will lead to a lot of talk about an imminent Japanese intervention in the markets to prevent further collapse. "
- According to FXStreet on Monday, 1 April, "This is closely followed by the 150.00 psychological mark, which, if broken decisively, might turn the USD/JPY pair vulnerable to accelerate the corrective decline further towards the 149.35-149.30 region en route to the 149.00 mark.", "This might further contribute to keeping a lid on any meaningful appreciating move for the USD/JPY pair. "
- Usd/jpy price analysis: hold steady below 152.00 amid intervention threats. According to FXStreet on Monday, 1 April, "The USD/JPY daily chart depicts the pair consolidating around the 151.00/152.00 region, with intervention threats strengthening the 152.00 mark as a first resistance level. ", "The USD/JPY remains subdued amid speculation of possible intervention by Japanese authorities. "
- Usd/jpy: next move depends on the fed, bofa. According to FXStreet on Tuesday, 2 April, "If the Fed cuts rates in line with current expectations it will weigh on USD/JPY since it will reduce the advantage of keeping cash in US Dollars (USD) compared to Japanese Yen (JPY) from the point of view of the amount of interest that can be earned.", "Even if the authorities intervene, however, they won't have the power to plug the levee forever, and it will eventually break, pushing USD/JPY higher."
- According to FXStreet on Tuesday, 2 April, "This acts as a tailwind for the buck and suggests that the path of least resistance for the USD/JPY pair is to the upside.", "This is closely followed by the 150.00 psychological mark, which, if broken decisively, might turn the USD/JPY pair vulnerable to accelerate the corrective decline further towards the 149.35-149.30 region before eventually dropping to the 149.00 mark."
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