(VIANEWS) – USD/CNH (USDCNH) has been up by 0.96% for the last 10 sessions. At 02:06 EST on Thursday, 28 March, USD/CNH (USDCNH) is $7.25.
USD/CNH’s yearly highs and lows, it’s 0.101% up from its 52-week low and 0.135% down from its 52-week high.
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- Usd/jpy: the next major technical resistance after the 151.95-152.00 zone is not before 160.00 – BBH. According to FXStreet on Wednesday, 27 March, "In our view, it’s only a matter of time before USD/JPY breaks higher because we anticipate a gradual BoJ tightening process and a more muted than currently priced-in Fed easing cycle.", "The next major technical resistance for USD/JPY after the 151.95-152.00 zone is not before 160.00 (April 1990 high)."
- According to FXStreet on Tuesday, 26 March, "The USD/JPY pair might then build on its well-established uptrend witnessed since January 2023. ", "This turns out to be a key factor lending some support to the JPY and acting as a headwind for the USD/JPY pair."
- Usd/jpy: another leg higher needed for actual FX intervention to be deployed – ING. According to FXStreet on Wednesday, 27 March, "This may still be only a ‘verbal intervention’ range, with another USD/JPY leg higher needed for actual FX intervention to be deployed (perhaps closer to 155.00). "
- According to FXStreet on Wednesday, 27 March, "This, in turn, fails to assist the USD/JPY pair to capitalize on its intraday positive move or make it through the 152.00 round-figure mark.", "This is closely followed by the 150.00 psychological mark, which, if broken decisively, could make the USD/JPY pair vulnerable to accelerate the corrective decline further towards the 149.35-149.30 region en route to the 149.00 mark."
- According to FXStreet on Wednesday, 27 March, "His reaction comes in response to the USD/JPY pair climbing to a fresh 34-year high of 151.97.", "Following his comments, USD/JPY corrected sharply to near 151.70, still up 0.11% on the day."
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