(VIANEWS) – USD/CNH (USDCNH) has been up by 1.17% for the last 5 sessions. At 05:07 EST on Friday, 22 March, USD/CNH (USDCNH) is $7.27.
USD/CNH’s yearly highs and lows, it’s 0.683% up from its 52-week low and 0.059% down from its 52-week high.
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- According to FXStreet on Friday, 22 March, "The USD/JPY pair might then build on its longer-term uptrend witnessed since January 2023.", "This, along with the prevalent risk-on environment, which tends to dent demand for the safe-haven JPY, favours the USD/JPY bulls. "
- Usd/jpy analysis: uptrend gains strength – 21 March 2024. According to DailyForex on Thursday, 21 March, "Today, the USD/JPY pair will react to market and investor response to the Federal Reserve announcement, along with the release of the weekly US jobless claims and readings of the Philadelphia Industrial Index and the Purchasing Managers’ Index for the manufacturing and services sectors in the United States.", "Despite the halt in gains for the US dollar following the Federal Reserve announcement, the overall upward trend for the USD/JPY pair remains intact. "
- Usd/jpy enters boj intervention zone after rallying into 151.000s. According to FXStreet on Wednesday, 20 March, "The USD/JPY rallies to multi-year highs in the 151.000s on Wednesday on the back of broad-based US Dollar (USD) strength ahead of the Federal Reserve policy meetingand a "one and done" trade weakening the Japanese Yen (JPY).", "The USD/JPY has rallied back up to the level of previous multi-year highs in the 151.000s. "
- Usd/jpy should head down to the 145.00 area and probably close to 140.00 later this year – ING. According to FXStreet on Wednesday, 20 March, "Our baseline view now sees USD/JPY perhaps trading around the 150.00-152.00 area as long as short-term US rates stay firm. ", "When they turn lower over the coming months, USD/JPY should head down to the 145.00 area and probably close to 140.00 later this year when the Fed easing cycle is in full swing (we look for 125 bps of Fed cuts this year)."
- According to FXStreet on Wednesday, 20 March, "Apart from this, the risk-on mood continues to undermine the safe-haven JPY, which, along with the recent US Dollar (USD) strength, lifts the USD/JPY pair further beyond the 151.00 round-figure mark.", "A sustained break below, however, might prompt some technical selling and drag the USD/JPY pair back towards the 150.00 psychological mark. "
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