(VIANEWS) – USD/CNH (USDCNH) has been up by 2.23% for the last 21 sessions. At 17:09 EST on Friday, 24 November, USD/CNH (USDCNH) is $7.16.
USD/CNH’s yearly highs and lows, it’s 0.248% up from its 52-week low and 0.02% down from its 52-week high.
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- Usd/jpy fails to hold momentum and trims daily losses. According to FXStreet on Thursday, 23 November, "That being said, the USD/JPY maintains a position above the critical 100 and 200-SMAs, hinting the broader trend still favours the bullish side. "
- Usd/jpy remains on the defensive below mid-148.00s amid subdued USD price action. According to FXStreet on Wednesday, 22 November, "The USD/JPY pair struggles to capitalize on the previous day’s solid 140-145 pips recovery from the 147.15 area, or its lowest level since September 14 and ticks lower during the Asian session on Wednesday. ", "Moreover, the aforementioned fundamental backdrop suggests that the path of least resistance for the USD/JPY pair remains to the downside. "
- According to FXStreet on Thursday, 23 November, "The USD/JPY pair might then aim to reclaim the 151.00 mark before climbing further towards challenging the YTD peak, just ahead of the 152.00 mark.", "This, in turn, assisted the USD/JPY pair to capitalize on its solid recovery move from the 147.15 area, or over a two-month low touched on Tuesday."
- According to FXStreet on Friday, 24 November, "The disappointing release of the au Jibun Bank flash Japan Manufacturing PMI, which remained in contraction territory for the sixth successive month in November, meanwhile, fails to lift the USD/JPY pair beyond the weekly top. ", "A convincing break below could drag the USD/JPY pair to the 148.35-148.30 region en route to the 148.00 round figure. "
- Usd/jpy stabilizes around 149.50, ahead of Japanese CPI. According to FXStreet on Thursday, 23 November, "That kept the USD/JPY pair trading within a 70-pip range, though the resumption of activities in Japan and the United States (US) would boost liquidity ahead of the weekend.", "The USD/JPY began the Asian session almost unchanged, exchanging hands at around 149.55 after the pair reached a weekly low of 147.15 on Tuesday, but buyers stepping in lifted the pair toward the current exchange rates."
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