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USD/CNH Bullish Momentum: 0.91% Up In The Last 10 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 0.91% for the last 10 sessions. At 17:11 EST on Sunday, 21 April, USD/CNH (USDCNH) is $7.25.

USD/CNH’s yearly highs and lows, it’s 0.019% up from its 52-week low and 0.015% down from its 52-week high.

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  • Usd/jpy drops below 154.20 amid middle east war fears. According to FXStreet on Friday, 19 April, "The USD/JPY pair attracts some sellers around 154.15on Friday during the early Asian trading hours. ", "The escalating geopolitical tension in the Middle East and Asia might boost safe-haven assets like the JPY and create a headwind for the USD/JPY pair. "
  • Usd/jpy holds ground as iran plans no immediate retaliation against the Israeli airstrikes. According to FXStreet on Friday, 19 April, "Meanwhile, on the US side, Federal Reserve (Fed) officials conveyed hawkish messages on Thursday, resulting in a surge in US Treasury yields and the US Dollar (USD), which consequently limited the losses of the USD/JPY pair."
  • Usd/jpy goes on a roller-coaster ride prompted by geopolitical risk. According to FXStreet on Friday, 19 April, "Although the US Dollar benefited from the flight to safety, JPY gained more from the shift in sentiment, pushing down USD/JPY which expresses the number of Japanese Yen purchasable with one US Dollar."
  • Usd/jpy price analysis: consolidates around 154.60 on Japanese intervention fears. According to FXStreet on Friday, 19 April, "Further weakness in the USD/JPY would drive prices past the Senkou Span A at 152.29, followed by the Kijun Sen at 151.41. ", "The USD/JPY consolidated at around the 154.60s area on Friday after diving to a four-day low of 153.59, courtesy of heightened geopolitical tensions spurred by the escalation of the Israel-Iran conflict. "

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