(VIANEWS) - USD/CNH (USDCNH) has been up by 2.14% for the last 10 sessions. At 06:08 EST on Thursday, 25 January, USD/CNH (USDCNH) is $7.17.
USD/CNH's yearly highs and lows, it's 0.25% up from its 52-week low and 0.088% down from its 52-week high.
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- Usd/jpy should finally start to fall in Q2 – socgen. According to FXStreet on Tuesday, 23 January, "Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes USD/JPY outlook.", "We'll stick to a (fingers firmly crossed) view that USD/JPY has peaked and that we will see a return to levels below 140 in Q2."
- Usd/jpy could struggle to get meaningful traction to the downside in the near-term – socgen. According to FXStreet on Tuesday, 23 January, "If incoming US economic data keeps deviating to the upsides and the Fed isn't going to budge on interest rates until in 2Q, then USD/JPY will struggle to get meaningful traction to the downside in the near-term."
- Usd/jpy analysis: attention turns to the bank of Japan - 23 January 2024. According to DailyForex on Tuesday, 23 January, "Moreover, after the Japanese Central Bank's announcement this morning, the USD/JPY is not anticipating important American economic data. ", "Currently, the pair is trading at 148, and with gains of 4.8% in January, a breakthrough for the USD/JPY and a new all-time high for the Nikkei index seem likely."
- Usd/jpy Tuesday dip-and-rally leaves the pair on the high end for Wednesdaya. According to FXStreet on Tuesday, 23 January, "The USD/JPY hit a familiar hit bid at 148.70 as markets picked up the US Dollar (USD) through Tuesday, keeping the Japanese Yen (JPY) broadly lower on the day.", "Daily candlesticks have the USD/JPY testing back into the high end after a failed bearish break of the 200-day SMA between 142.00 and 143.00, with the pair set for a bullish run into 2023's late peak just shy of the 152.00 handle."
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