(VIANEWS) – USD/CNH (USDCNH) has been up by 2.38% for the last 21 sessions. At 17:11 EST on Wednesday, 20 December, USD/CNH (USDCNH) is $7.14.
USD/CNH’s yearly highs and lows, it’s 0.289% up from its 52-week low and 0.069% down from its 52-week high.
News about
- Usd/jpy: the pace of depreciation will be gradual in the near term, decisive break below 140 in 2Q24 – ING. According to FXStreet on Tuesday, 19 December, "We remain bearish on USD/JPY in 2024, as the oversold Yen can still benefit from the end of negative rates in Japan and we see the Fed cut rates by 150 bps, but the pace of depreciation in the pair will be gradual in the near term, and we only see a decisive break below 140 in 2Q24."
- Boj preview: any hawkish surprise in communication to push usd/jpy close to the 140 support – ING. According to FXStreet on Monday, 18 December, "Expect any hawkish surprise in communication to push USD/JPY close to the 140 support, whereas an unchanged message can bring the pair back to 145, where we could see selling interest if the Dollar momentum proves soft."
- According to FXStreet on Tuesday, 19 December, "The Japanese Yen (JPY) comes under heavy selling pressure and pushes the USD/JPY pair higher for the third straight day after the Bank of Japan (BoJ) announced its policy decision earlier this Tuesday. ", "Traders might also refrain from placing aggressive bullish bets around the USD/JPY pair ahead of the BoJ Governor Kazuo Ueda’s post-meeting press conference, which will be scrutinized for the possibility of an imminent shift in the policy stance next year."
- Usd/jpy forecast: looks threatened – 18 December 2023. According to DailyForex on Monday, 18 December, "If the USD/JPY exchange rate manages to breach the 200-Day EMA resistance, there is a strong possibility of a significant upward movement. ", "At the end of the day, the fate of the USD/JPY exchange rate remains uncertain as it hovers around the ¥142 level. "
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