(VIANEWS) – USD/CNH (USDCNH) has been up by 2.11% for the last 21 sessions. At 14:14 EST on Wednesday, 6 December, USD/CNH (USDCNH) is $7.17.
USD/CNH’s yearly highs and lows, it’s 0.071% up from its 52-week low and 0.093% down from its 52-week high.
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- According to FXStreet on Monday, 4 December, "This, in turn, warrants some caution before confirming that the USD/JPY pair has formed a near-term bottom and positioning for further gains.", "Nevertheless, the fundamental backdrop suggests that the path of least resistance for the USD/JPY pair is to the downside. "
- Usd/jpy trades better bid above 147.00 after dovish boj commentary. According to FXStreet on Wednesday, 6 December, "The swift US Dollar rebound lifted USD/JPY from daily lows of 146.56, as the pair went on to settle Tuesday almost unchanged at 147.20. ", "From a broader perspective, USD/JPY is holding its recovery from three-month lows of 146.23 reached last Friday, tracking the US Dollar upswing."
- Japanese yen remains on the defensive against usd; 100-day SMA caps usd/jpy. According to FXStreet on Tuesday, 5 December, "From a technical perspective, the USD/JPY pair on Monday found some support and attracted buyers near the 146.20 region, representing the 38.2% Fibonacci retracement level of the July-October rally. ", "Apart from this, the risk-off impulse - as depicted by a sea of red across the Asian equity markets - benefits the safe-haven JPY and further contributes to capping the USD/JPY pair near the 100-day Simple Moving. "
- Usd/jpy gains as the US 10-year bond yield climb. According to FXStreet on Monday, 4 December, "On the other hand, USD/JPY falling below the 147.00 figure could exacerbate a test of the September 11 low at 145.89, ahead of the September 1 daily low at 144.44.", "The USD/JPY pair remains trading in an uptrend as US Treasury bond yields advance, mainly the 10-year benchmark note, rising close to ten basis points at 4.289%, a tailwind for the major. "
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