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USD/CNH Bearish By 2% In The Last 10 Sessions

ViaNews Editorial Team

January 23, 2024

USD/CNH Bearish By 2% In The Last 10 Sessions
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(VIANEWS) - USD/CNH (USDCNH) has been up by 2.12% for the last 10 sessions. At 04:08 EST on Tuesday, 23 January, USD/CNH (USDCNH) is $7.17.

USD/CNH's yearly highs and lows, it's 0.161% up from its 52-week low and 0.357% 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. "
  • Usd/jpy should continue to hover around 148 assuming the boj springs no surprise – ING. According to FXStreet on Monday, 22 January, "Assuming the BoJ springs no surprise, USD/JPY should continue to hover around 148."
  • 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."
  • Usd/jpy cycles around 148.00 ahead of boj next rate call. According to FXStreet on Monday, 22 January, "Daily candlesticks have the USD/JPY temporarily frozen as candles spin in place at the top end of a 6% climb from December's swing low into 140.25.", "The USD/JPY cycled around the 148.00 handle on Monday as traders gear up for the Bank of Japan's (BoJ) latest rate statement on Tuesday, coming ahead of another round of Japanese inflation figures slated for Friday with the Tokyo Consumer Price Index (CPI)."

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.