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

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.25% for the last 21 sessions. At 18:15 EST on Monday, 29 May, USD/CNH (USDCNH) is $7.08.

USD/CNH’s yearly highs and lows, it’s 0.02% up from its 52-week low and 0.006% down from its 52-week high.

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  • 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, "Even so, bullish MACD signals and a two-week-old ascending trend channel, as well as the quote’s ability to stay firmer past 200-SMA, keeps the USD/JPY buyers hopeful.", "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."
  • Usd/jpy price analysis: sees subtle retreat after hitting YTD high shy of 141.00. According to FXStreet on Monday, 29 May, "The USD/JPY is still upward biased, but the rally is fading as the pair shows signs of exhaustion. ", "That could trigger a short-term correction before USD/JPY bulls jump into action and lift the exchange rates past the 141.00 mark, on its way toward the November 22 daily high f 142.24, before reaching 143.00."
  • Usd/jpy price analysis: soars past 140.00 despite weakening US dollar, eyes 141.00 resistance. According to FXStreet on Saturday, 27 May, "After hitting a new year-to-date (YTD) high of 140.72, the USD/JPY retraced somewhat but remains upward biased. ", "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."
  • Usd/jpy: end-Q2 forecast adjusted from 128 to 134 and end-2023 forecast from 122 to 128 – crédit agricole. According to FXStreet on Monday, 29 May, "Economists at Crédit Agricole have revised their USD/JPY forecasts higher following Yen’s weakness in the second quarter.", "As a result, we revise higher our USD/JPY forecasts, adjusting the end-Q2 forecast from 128 to 134, and the end-2023 forecast from 122 to 128."

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