(VIANEWS) – USD/CNH (USDCNH) has been up by 1.67% for the last 10 sessions. At 20:09 EST on Wednesday, 20 March, USD/CNH (USDCNH) is $7.21.
USD/CNH’s yearly highs and lows, it’s 0.004% up from its 52-week low and 0.071% down from its 52-week high.
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- Any big hawkish surprise from fed chair powell could push usd/jpy beyond its 2022 high at 151.90 – TDS. According to FXStreet on Tuesday, 19 March, "USD/JPY is now hostage to the FOMC decision on Wednesday and any big hawkish surprise from Powell could push USD/JPY beyond its 2022 high at 151.90 which may invoke some strong verbal interventions from the MoF."
- According to FXStreet on Tuesday, 19 March, "From a technical perspective, the USD/JPY pair is holding above the 61.8% Fibonacci retracement level of the February-March downfall and seems poised to climb further. ", "Apart from this, a modest US Dollar (USD) strength, bolstered by reduced bets for steep interest rate cuts by the Federal Reserve (Fed), lifts the USD/JPY pair closer to mid-149.00s."
- Usd/jpy seen at 146.00 on a three-month view assuming a first fed rate cut in June – rabobank. According to FXStreet on Tuesday, 19 March, "Our three-month USD/JPY forecast of 146.00 assumes a first Fed rate cut in June and an improvement in Japanese real wage data. "
- Usd/jpy: yen selling unlikely to persist – MUFG. According to FXStreet on Tuesday, 19 March, "Of course, there are greater USD/JPY upside risks over the very short term given this risk event has now passed without any major hawkish surprise and if the FOMC on Wednesday were to drop a DOT in its policy rate profile, US yields will likely jump further and potentially drag USD/JPY to intervention levels."
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