(VIANEWS) – USD/CNH (USDCNH) has been up by 2% for the last 21 sessions. At 19:15 EST on Tuesday, 27 August, USD/CNH (USDCNH) is $7.12.
USD/CNH’s yearly highs and lows, it’s 0.008% up from its 52-week low and 0.029% down from its 52-week high.
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- According to FXStreet on Monday, 26 August, "On the downside, the USD/JPY pair may navigate the region around the seven-month low of 141.69, which was recorded on August 5. ", "In terms of resistance, the USD/JPY pair may test the immediate barrier at the downtrend line around the psychological level of 145.00, followed by the nine-day Exponential Moving Average (EMA) at the 145.74 level. "
- Usd/jpy extends decline on negative view of US interest rates in the long term. According to FXStreet on Monday, 26 August, "However, given the Japanese Yen (JPY) is now trending higher and most of its favored carry counterparts are weakening, the carry trade is not as profitable as it used to be, and this "unwind" in long held carry positions is further propelling USD/JPY lower."
- Usd/jpy: more downside – OCBC. According to FXStreet on Monday, 26 August, "Broader direction of travel for USD/JPY has changed as Fed-BoJ policies shifted from divergence to convergence and this should continue to underpin the downside for USD/JPY. "
- Usd/jpy price forecast: edges up amid rising US yields, yet remains bearish. According to FXStreet on Monday, 26 August, "The USD/JPY downtrend is intact as the exchange rate remains below the Ichimoku Cloud and the 200-day moving average (DMA) at 151.22. ", "Conversely, if USD/JPY slumps below the 144.00 figure and the pair could tumble towards the latest cycle low seen at 141.69, before challenging 140.00."
- According to FXStreet on Tuesday, 27 August, "On the downside, if the USD/JPY pair stays below the downtrend line, it could hover around the seven-month low of 141.69, recorded on August 5. ", "In terms of resistance, the USD/JPY pair may challenge the immediate barrier at the nine-day Exponential Moving Average (EMA) around the 145.67 level. "
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