(VIANEWS) - USD/CNH (USDCNH) has been up by 1.61% for the last 10 sessions. At 04:08 EST on Tuesday, 5 March, USD/CNH (USDCNH) is $7.21.
USD/CNH's yearly highs and lows, it's 0.094% up from its 52-week low and 0.015% down from its 52-week high.
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- According to FXStreet on Monday, 4 March, "Traders also seem reluctant and prefer to wait for more clues about the timing of when the Fed will begin cutting interest rates, which further contributes to capping the upside for the USD/JPY pair. ", "Moreover, oscillators on the daily chart are holding in the positive territory and support prospects for some meaningful upside for the USD/JPY pair. "
- Usd/jpy: scope for only a moderate move lower in the coming months – rabobank. According to FXStreet on Monday, 4 March, "While we favour an April rate hike over a move in March, we expect USD/JPY to edge lower into the March 19 meeting in anticipation of an early move.", "That said, given the resilience of the US economy and related US inflation risks, we see downside potential in USD/JPY to be limited to a move back to 140.00 on a 12-month view."
- According to FXStreet on Tuesday, 5 March, "This turns out to be another factor that contributes to the offered tone surrounding the USD/JPY pair, though the downside seems cushioned ahead of the key US macro data and Fed Chair Jerome Powell's congressional testimony. ", "The USD/JPY pair might then surpass the 151.00 mark and accelerate the momentum towards the 151.45 intermediate resistance en route to the 152.00 neighbourhood, or a multi-decade peak set in October 2022 and retested in November 2023."
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