USD/CNH Over 3% Down In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 3.73% for the last 21 sessions. At 05:10 EST on Thursday, 23 February, USD/CNH (USDCNH) is $6.91.

USD/CNH’s yearly highs and lows, it’s 0.349% up from its 52-week low and 0.02% down from its 52-week high.

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  • Usd/jpy clings to intraday gains, eyes 135.00 mark amid modest USD strength. According to FXStreet on Tuesday, 21 February, "This will play a key role in influencing the near-term USD price dynamics and help determine the next leg of a directional move for the USD/JPY pair. ", "The USD/JPY pair regains positive traction on Tuesday and maintains its bid tone through the first half of the European session. "
  • Usd/jpy pauses three-day uptrend near 135.00 as yields portray anxiety ahead of fed minutes. According to FXStreet on Wednesday, 22 February, "Moving on, a cautious mood ahead of the key data/events could entertain USD/JPY traders before the Fed Minutes. ", "A daily closing beyond the 100-day Exponential Moving Average (EMA), around 134.75 by the press time, directs USD/JPY buyers towards mid-December 2022 tops surrounding 138.20."
  • Usd/jpy bulls eye a continuation as the US dollar bounces back to life. According to FXStreet on Tuesday, 21 February, "At the time of writing, USD/JPY is trading at 134.98 and has travelled between a low of 134.14 and a high of 135.22 so far. ", "This leaves a bullish bias on the US Dollar pairs and the Yen would be expected to weaken into the overhead USD/JPY four-hour resistance in the coming days."
  • Usd/jpy price analysis: mildly bid above 133.80 support confluence. According to FXStreet on Tuesday, 21 February, "Though, multiple levels near 31.30-20 and the 130.00 round figure could challenge the USD/JPY pair’s downside past 132.90.", "It’s worth noting, however, that the bullish MACD signals and higher low bullish formation on the daily chart keep the USD/JPY pair buyers hopeful."

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