(VIANEWS) - USD/CNH (USDCNH) has been up by 5.62% for the last 21 sessions. At 02:10 EST on Friday, 24 March, USD/CNH (USDCNH) is $6.84.
USD/CNH's yearly highs and lows, it's 0.303% up from its 52-week low and 0.105% down from its 52-week high.
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- Usd/jpy price analysis: consolidates before fed’s decision. According to FXStreet on Wednesday, 22 March, "In an alternate scenario, the USD/JPY first resistance would be the R1 pivot at 133.06. ", "Also, a three-week-old downslope resistance trendline would cap any rallies should the USD/JPY exceed the 133.50 area."
- Usd/jpy licks fed-inflicted wounds at six-week low under 131.00 as yields stay weak. According to FXStreet on Thursday, 23 March, "Even so, the US 10-year and two-year Treasury bond yields stay pressured around 3.46% and 3.89% at the latest, licking their wounds after falling the most in a week, which in turn exerts downside pressure on the USD/JPY prices. ", "Looking ahead, monetary policy announcements from the Bank of England (BoE) and Swiss National Bank (SNB) may entertain USD/JPY traders by way of the central bankers' reaction to the banking crisis. "
- Usd/jpy forecast: USD rallies against yen before fed meeting - 22 March 2023. According to DailyForex on Wednesday, 22 March, "As the Fed raises interest rates, rates could potentially rise across the board, exerting additional downward pressure on the yen and allowing the USD/JPY pair to climb higher."
- Usd/jpy consolidates around mid-132.00s, just below weekly high ahead of the fed. According to FXStreet on Wednesday, 22 March, "Investors will look for fresh cues about the future rate-hike path, which, in turn, will play a key role in influencing the near-term US Dollar price dynamics and provide a fresh directional impetus to the USD/JPY pair. ", "This, along with a more dovish stance adopted by the Bank of Japan (BoJ)should continue to act as a tailwind for the USD/JPY pair, at least for the time being."
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