(VIANEWS) – USD/CNH (USDCNH) has been up by 2.44% for the last 21 sessions. At 01:12 EST on Wednesday, 22 November, USD/CNH (USDCNH) is $7.14.
USD/CNH’s yearly highs and lows, it’s 0.223% up from its 52-week low and 0.331% down from its 52-week high.
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- Usd/jpy price analysis: drops to an eight-week low, hovers around 147.50. According to FXStreet on Tuesday, 21 November, "Moreover, the Moving Average Convergence Divergence (MACD) line is positioned below the centerline and diverges below the signal line, signaling a bearish momentum in the market for the USD/JPY pair.", "The 14-day Relative Strength Index (RSI) lies below the 50 level, signaling a weaker sentiment for the USD/JPY pair. "
- Usd/jpy retesting the 148.00 region ahead of fed minutes. According to FXStreet on Tuesday, 21 November, "The USD/JPY is pushing back into the 148.00 bid neighborhood after slipping to an intraday low of 147.15, declining from the day’s opening bids near 148.40.", "The USD/JPY has seen steady declines from last week’s highs near 151.91, closing bearish for four of the last five trading sessions, and is set to close for a fourth straight red candle ifTuesday closes below 148.33."
- Usd/jpy analysis: selling operations ahead of the federal reserve minutes – 21 November 2023. According to DailyForex on Tuesday, 21 November, "Shortly, The USD/JPY outlook is bumpy, but "we see risks tilted towards a ‘stronger for longer’ dollar in 2024, likely coinciding with continued yen weakness."USD/JPY Technical analysis:", "Goldman Sachs adds in its view: "Equities and the 10-year interest rate spread were virtually unchanged during that period, suggesting that unwinding of long USD/JPY positions may have been the biggest driver."
- Usd/jpy slides back closer to monthly low amid the emergence of fresh USD selling. According to FXStreet on Monday, 20 November, "The USD/JPY pair meets with a fresh supply following an Asian session uptick to the 150.00 psychological mark and drifts into negative territory for the third successive day on Monday. ", "That said, a generally positive tone around the Asian equity markets could undermine the safe-haven JPY and lend some support to the USD/JPY pair. "
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