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USD/CNH Bearish Momentum: 0.97% Down In The Last 10 Sessions

USD/CNH Bearish Momentum: 0.97% Down In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 0.97% for the last 10 sessions. At 10:06 EST on Monday, 25 March, USD/CNH (USDCNH) is $7.25.

USD/CNH's yearly highs and lows, it's 0.257% up from its 52-week low and 0.424% down from its 52-week high.

News about

  • Usd/jpy loses ground on Monday after intervention talk. According to FXStreet on Monday, 25 March, "From a technical perspective the USD/JPY has formed a bearish Hanging Man Japanese candlestick pattern (circled) on Thursday, suggesting a heightened risk of a short-term reversal and pullback."
  • Usd/jpy: verbal intervention from Japanese officials to help dampen further upside in the near term – MUFG. According to FXStreet on Monday, 25 March, "However, we do expect verbal intervention from Japanese officials to help dampen further upside for USD/JPY in the near term. "
  • Usd/jpy: scope for the Japanese yen to recover moderately in the months ahead – rabobank. According to FXStreet on Monday, 25 March, "We see scope for the JPY to recover moderately in the months ahead and maintain a 12-month target of USD/JPY at 140.00."

More news about USD/CNH (USDCNH).

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