USD/CNH Bearish By 3% In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 3.03% for the last 21 sessions. At 16:09 EST on Monday, 27 February, USD/CNH (USDCNH) is $6.96.

USD/CNH’s yearly highs and lows, it’s 0.076% up from its 52-week low and 0.446% down from its 52-week high.

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  • Usd/jpy remains on the defensive below YTD peak amid softer usd, bullish potential intact. According to FXStreet on Monday, 27 February, "A softer tone surrounding the US Treasury bond yields trigger a modest US Dollar pullback from a seven-week high, which, in turn, is seen exerting some downward pressure on the USD/JPY pair. ", "The USD/JPY pair corrects from a fresh YTD top touched earlier this Monday and remains on the defensive through the first half of the European session. "
  • Usd/jpy: yen vulnerable to a further correction lower – MUFG. According to FXStreet on Monday, 27 February, "The recent move higher in US rates has helped to lift USD/JPY back above the 135.00level and it has continued to move closer to its’ 200-Day Moving Average that comes in at around 137.10."
  • Usd/jpy price analysis: bears lurking near 136.50. According to FXStreet on Monday, 27 February, "In turn, USD/JPY rallied hard but it is now in a corrective territory as the following illustrates:"
  • Eur/usd to move lower, usd/jpy risks lean higher – TDS. According to FXStreet on Monday, 27 February, "Economists at TD Securities discuss the outlook of the EUR/USD, USD/CAD and USD/JPY pairs."

More news about USD/CNH (USDCNH).

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