(VIANEWS) – USD/CNH (USDCNH) has been up by 1.15% for the last 10 sessions. At 19:06 EST on Tuesday, 9 April, USD/CNH (USDCNH) is $7.24.
USD/CNH’s yearly highs and lows, it’s 0.015% up from its 52-week low and 0.015% down from its 52-week high.
News about
- Usd/jpy analysis: uptrend until Japanese intervention – 08 April 2024. According to DailyForex on Monday, 8 April, "The USD/JPY exchange rate seems to be under temporary downward pressure following the tough comments from Bank of Japan Governor Kazuo Ueda, which suggest the possibility of higher interest rate hikes. ", "As we expected, the overall trend for the USD/JPY pair remains bullish as long as there is a clear contrast between the future of the US Federal Reserve’s tight policy, supported by positive results of important US economic data, and the Bank of Japan, which still hesitates to tighten fully. "
- According to FXStreet on Monday, 8 April, "The resultant widening of the US-Japan rate differential further weighs on the JPY, which assists the USD/JPY pair to build on Friday’s bounce from over a two-week low and climb back closer to a multi-decade high.", "Given that oscillators on the daily chart are holding in the positive territory and are still away from being in the overbought zone, the USD/JPY pair might then resume its uptrend witnessed over the past month or so from the March trough."
- Usd/jpy break above 152.00 May not trigger immediate FX interventions – rabobank. According to FXStreet on Tuesday, 9 April, "Analysts at Rabobank share their short-term outlook for the USD/JPY pair following the latest developments.", "On the assumption that the BoJ will be able to announce a second rate hike later this year and given the expectation that the Fed will be cutting rates in 2024, we expect USD/JPY to be trading at lower levels later in the year. "
- According to FXStreet on Tuesday, 9 April, "The US Dollar (USD), on the other hand, draws support from elevated US Treasury bond yields, bolstered by expectations that the Federal Reserve (Fed) may delay cutting interest rates, which further acts as a tailwind for the USD/JPY pair. ", "Moreover, oscillators on the daily chart are holding in the positive territory and are still away from being in the overbought zone, suggesting that the path of least resistance for the USD/JPY pair is to the upside. "
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