USD/CNH Over 2% Up In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.29% for the last 21 sessions. At 05:14 EST on Monday, 29 May, USD/CNH (USDCNH) is $7.09.

USD/CNH’s yearly highs and lows, it’s 0.3% up from its 52-week low and 0.072% down from its 52-week high.

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  • Usd/jpy price analysis: soars past 140.00 despite weakening US dollar, eyes 141.00 resistance. According to FXStreet on Saturday, 27 May, "However, if USD/JPY extends its gains past 141.00, the next resistance would be the 142.00 figure, ahead of testing the November 22 High at 142.24.", "Once the USD/JPY cracked the November 30 swing high of 139.89, buyers piled in to break the 140.00 figure despite Japanese Finance Minister Shunichi Suzuki saying that markets should set currency rates based on economic fundamentals. "
  • Pairs in focus this week – aud/usd, usd/jpy, gbp/usd, eur/usd, nzd/usd, usd/cad, oil, gold – 28 May 2023. According to DailyForex on Sunday, 28 May, "The USD/JPY has exploded upward against the Japanese yen during trading this past week, and now we find the market well above the ¥140 level. "
  • Usd/jpy price analysis: retreats from six-month high below 141.00 as adjacent resistance line prods bulls. According to FXStreet on Monday, 29 May, "Following that, the monthly low o around 133.50 and the 130.00 psychological magnet could act as the last defense of the USD/JPY buyers.", "Alternatively, an upside break of the weekly resistance line, close to 141.05 at the latest, could propel the USD/JPY towards the aforementioned channel’s peak of near 142.00 However, the six-month high to around 142.25, comprising the late November 2022 peak, can act as the final battle to be won for the Yen pair buyers before retaking the control."

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