(VIANEWS) – USD/CNH (USDCNH) has been up by 0.91% for the last 5 sessions. At 22:11 EST on Wednesday, 10 April, USD/CNH (USDCNH) is $7.25.
USD/CNH’s yearly highs and lows, it’s 0.018% up from its 52-week low and 0.16% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH’s Forex is considered to be oversold (<=20).
News about
- Usd/jpy hits nearly 34-year peak amid surging US inflation and treasury yields. According to FXStreet on Wednesday, 10 April, "The USD/JPY rose sharply and hit a multi-year high of 152.73, a level last seen in June 1990, ignoring intervention threats by Japanese authorities that include Finance Minister Shunichi Suzuki, who said that he was watching the market with a high sense of urgency and wouldn’t rule out any steps to address excessive moves.", "From a technical standpoint, the USD/JPY is trading at levels that were seen in the 1990s. "
- Usd/jpy hovers around 153.00, the highest level since July 1990, eyes on intervention risks. According to FXStreet on Wednesday, 10 April, "The USD/JPY pair trades on a weaker note near 153.00 after retreating from the highest level since July 1990, nearly 153.24, on Thursday during the early Asian session. ", "The officials emphasized the need to keep interest rates higher for longer, which boosts the Greenback and acts as a tailwind for the USD/JPY pair. "
- According to FXStreet on Wednesday, 10 April, "The stronger dollar and rising US yields motivated USD/JPY to surge to the boundaries of the 153.00 hurdle. "
- Usd/jpy break above 152.00 May not trigger immediate FX interventions – rabobank. According to FXStreet on Tuesday, 9 April, "Analysts at Rabobank share their short-term outlook for the USD/JPY pair following the latest developments.", "On the assumption that the BoJ will be able to announce a second rate hike later this year and given the expectation that the Fed will be cutting rates in 2024, we expect USD/JPY to be trading at lower levels later in the year. "
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