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USD/CNH Bearish By 2% In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.21% for the last 21 sessions. At 13:09 EST on Tuesday, 28 November, USD/CNH (USDCNH) is $7.16.

USD/CNH’s yearly highs and lows, it’s 0.133% up from its 52-week low and 0.029% down from its 52-week high.

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  • Usd/jpy undeterred by Japan's inflation figures, US PCE data from October looms. According to FXStreet on Monday, 27 November, "In Monday’s trading session, the USD/JPY pair is experiencing a downturn, anchored currently at the 148.90 mark. ", "That said, despite bears exerting downward pressure and the pair residing below the 20-day Simple Moving Average (SMA), the USD/JPY still stands firm above the crucial 100 and 200-day SMAs. "
  • Usd/jpy forecast: find buyers underneath – 27 November 2023. According to DailyForex on Monday, 27 November, "Leveraging the Persistent Strength of the USD/JPY PairA breakthrough above the ¥152 level would set the stage for the next target at the ¥155 level.", "The support at the 50-Day EMA and the ¥147.80 level, combined with the favorable interest rate differential and the dollar’s safe-haven appeal, all contribute to a bullish outlook for the USD/JPY pair. "
  • According to FXStreet on Tuesday, 28 November, "Apart from this, concerns about a global economic downturn benefit the safe-haven JPY and exert some downward pressure on the USD/JPY pair.", "The USD/JPY pair might then accelerate the fall towards the 146.00 mark en route to the next relevant support near the 145.50 zone."

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