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USD/CNH Bearish By 1% In The Last 21 Sessions

ViaNews Editorial Team

January 24, 2024

USD/CNH Bearish By 1% In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.73% for the last 21 sessions. At 05:12 EST on Wednesday, 24 January, USD/CNH (USDCNH) is $7.16.

USD/CNH's yearly highs and lows, it's 0.018% up from its 52-week low and 0.323% down from its 52-week high.

News about

  • Usd/jpy to steadily decline towards 135.00 on a 12m horizon– danske bank. According to FXStreet on Monday, 22 January, "The recent rally in the Japanese Yen has reversed with USD/JPY trading nearly four figures higher than at year-end. "
  • According to FXStreet on Monday, 22 January, "Any hint of concern about market distortion from yield curve control could trigger a sharp Yen rally, but complete silence could see another test of USD/JPY 150.00."
  • Usd/jpy cycles around 148.00 ahead of boj next rate call. According to FXStreet on Monday, 22 January, "The 200-day SMA is providing rising support near 144.00, and near-term gains in the pair leave the USD/JPY on the high side of a declining 50-day SMA near 146.00.", "The USD/JPY finds itself mired on the 50-hour Simple Moving Average (SMA) near the 148.00 handle as near-term momentum drains out of the pair. "
  • According to FXStreet on Monday, 22 January, "Scarce volatility in the greenback in combination with the generalized downward bias in US yields sparked the first daily decline in USD/JPY after five consecutive sessions of gains. "
  • According to FXStreet on Monday, 22 January, "Previewing the potential impact of the BoJ event on the pair, "if the BoJ makes it clear that it does not intend to change its expansionary course for the time being - which we believe is likely - USD/JPY could rise a little further," said analysts at Commerzbank."

More news about USD/CNH (USDCNH).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.