(VIANEWS) - USD/CNH (USDCNH) has been up by 1.59% for the last 10 sessions. At 08:08 EST on Thursday, 21 March, USD/CNH (USDCNH) is $7.21.
USD/CNH's yearly highs and lows, it's 0.142% up from its 52-week low and 0.053% down from its 52-week high.
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- Usd/jpy enters boj intervention zone after rallying into 151.000s. According to FXStreet on Wednesday, 20 March, "The USD/JPY is reaching an intervention zone where the Bank of Japan (BoJ) has historically been known to intervene in FX markets to prop up the Yen, and this could provide an obstacle to more upside for the pair.", "The USD/JPY rallies to multi-year highs in the 151.000s on Wednesday on the back of broad-based US Dollar (USD) strength ahead of the Federal Reserve policy meetingand a "one and done" trade weakening the Japanese Yen (JPY)."
- According to FXStreet on Wednesday, 20 March, "Adding to this, oscillators on the daily chart have been gaining positive traction and are still far from being in the overbought territory, validating the near-term constructive setup for the USD/JPY pair. ", "Apart from this, the risk-on mood continues to undermine the safe-haven JPY, which, along with the recent US Dollar (USD) strength, lifts the USD/JPY pair further beyond the 151.00 round-figure mark."
- According to FXStreet on Tuesday, 19 March, "USD/JPY may well trade in a 150.00-152.00 range for the time being (locals in Tokyo think the BoJ will not intervene to sell USD/JPY until 155.00), and a lower USD/JPY will have to be led from the Dollar side."
- According to FXStreet on Tuesday, 19 March, "This is followed by the 148.00 round figure, below which the USD/JPY pair could accelerate the downfall towards the 100-day Simple Moving Average (SMA), currently pegged near the 147.65 region. ", "Apart from this, a modest US Dollar (USD) strength, bolstered by reduced bets for steep interest rate cuts by the Federal Reserve (Fed), lifts the USD/JPY pair closer to mid-149.00s."
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