(VIANEWS) – USD/CNH (USDCNH) has been up by 1.66% for the last 10 sessions. At 17:08 EST on Wednesday, 6 March, USD/CNH (USDCNH) is $7.21.
USD/CNH’s yearly highs and lows, it’s 0.033% up from its 52-week low and 0.132% down from its 52-week high.
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- According to FXStreet on Tuesday, 5 March, "From a technical perspective, the USD/JPY pair has been oscillating in a familiar range over the past three weeks or so. ", "This turns out to be another factor that contributes to the offered tone surrounding the USD/JPY pair, though the downside seems cushioned ahead of the key US macro data and Fed Chair Jerome Powell’s congressional testimony. "
- According to FXStreet on Monday, 4 March, "Traders also seem reluctant and prefer to wait for more clues about the timing of when the Fed will begin cutting interest rates, which further contributes to capping the upside for the USD/JPY pair. ", "Moreover, oscillators on the daily chart are holding in the positive territory and support prospects for some meaningful upside for the USD/JPY pair. "
- Usd/jpy price analysis: dips amid range-bound trade, hovers around 150.00. According to FXStreet on Tuesday, 5 March, "The USD/JPY lost traction during the mid-North American session, edged down 0.30%, and exchanged hands at 150.08 after reaching a weekly high of 150.57 on Monday.", "From a daily chart perspective, the USD/JPY is trading sideways capped on the upside by the 151.00 figure, while on the downside is the Tenkan-Sen at 150.02. "
- Usd/jpy: scope for only a moderate move lower in the coming months – rabobank. According to FXStreet on Monday, 4 March, "While we favour an April rate hike over a move in March, we expect USD/JPY to edge lower into the March 19 meeting in anticipation of an early move.", "That said, given the resilience of the US economy and related US inflation risks, we see downside potential in USD/JPY to be limited to a move back to 140.00 on a 12-month view."
- Usd/jpy price analysis: is another top forming?. According to FXStreet on Wednesday, 6 March, "As can be seen on the weekly chart above, after peaking at 150.84 last week, USD/JPY has entered the zone of previous major highs in the 151s - possibly a sign it is topping - however, there has so far been insufficient downside price action to definitively say it is rolling over.", "Over time this has acted as a negative factor for JPY and driven the USD/JPY to new highs."
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