(VIANEWS) – USD/CNH (USDCNH) has been up by 1.5% for the last 10 sessions. At 21:09 EST on Thursday, 21 March, USD/CNH (USDCNH) is $7.22.
USD/CNH’s yearly highs and lows, it’s 0.039% up from its 52-week low and 0.028% down from its 52-week high.
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- According to FXStreet on Wednesday, 20 March, "This remains supportive of elevated US Treasury bond yields and pushes the USD Index (DXY), which tracks the Greenback against a basket of currencies, to a two-week high and further acts as a tailwind for the USD/JPY pair. ", "Adding to this, oscillators on the daily chart have been gaining positive traction and are still far from being in the overbought territory, validating the near-term constructive setup for the USD/JPY pair. "
- Usd/jpy should head down to the 145.00 area and probably close to 140.00 later this year – ING. According to FXStreet on Wednesday, 20 March, "Our baseline view now sees USD/JPY perhaps trading around the 150.00-152.00 area as long as short-term US rates stay firm. ", "When they turn lower over the coming months, USD/JPY should head down to the 145.00 area and probably close to 140.00 later this year when the Fed easing cycle is in full swing (we look for 125 bps of Fed cuts this year)."
- Usd/jpy enters boj intervention zone after rallying into 151.000s. According to FXStreet on Wednesday, 20 March, "The USD/JPY is reaching an intervention zone where the Bank of Japan (BoJ) has historically been known to intervene in FX markets to prop up the Yen, and this could provide an obstacle to more upside for the pair.", "The USD/JPY rallies to multi-year highs in the 151.000s on Wednesday on the back of broad-based US Dollar (USD) strength ahead of the Federal Reserve policy meetingand a "one and done" trade weakening the Japanese Yen (JPY)."
- According to FXStreet on Thursday, 21 March, "The US Dollar (USD), on the other hand, adds to the overnight losses led by the Federal Reserve’s (Fed) dovish hold, which, in turn, is seen as another factor exerting downward pressure on the USD/JPY pair. ", "On the flip side, the 150.90-151.00 zone now seems to act as an immediate strong barrier, above which the USD/JPY pair could make a fresh attempt to challenge the multi-decade high, around the 152.00 mark touched in November 2023. "
- Usd/jpy analysis: uptrend gains strength – 21 March 2024. According to DailyForex on Thursday, 21 March, "Today, the USD/JPY pair will react to market and investor response to the Federal Reserve announcement, along with the release of the weekly US jobless claims and readings of the Philadelphia Industrial Index and the Purchasing Managers’ Index for the manufacturing and services sectors in the United States.", "Currently, the USD/JPY currency pair is trading around 150.89 at the time of writing the analysis, as the US dollar’s gains stopped after the US Federal Reserve’s announcement yesterday."
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