USD/CNH Went Down By Over 2% In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.07% for the last 21 sessions. At 03:07 EST on Monday, 25 December, USD/CNH (USDCNH) is $7.15.

USD/CNH’s yearly highs and lows, it’s 0.007% up from its 52-week low and 0% down from its 52-week high.

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  • According to FXStreet on Friday, 22 December, "On the flip side, weakness below the Asian session low, around the 141.90-141.85 region, will reaffirm the near-term bias and make the USD/JPY pair vulnerable to retesting sub-141.00 levels, or a multi-month low touched last week. ", "The Japanese Yen (JPY) snaps a two-day winning streak against the US Dollar (USD), allowing the USD/JPY pair to stage a goodish intraday bounce from the 141.85 area or a fresh weekly low touched during the Asian session on Friday. "
  • Usd/jpy forecast: struggle against yen – 22 December 2023. According to DailyForex on Friday, 22 December, "The USD/JPY experienced a significant drop during Thursday’s trading session, primarily driven by the continuous decline in interest rates within the United States. "
  • Usd/jpy rebounds into new Friday high, aimed for 143.00. According to FXStreet on Friday, 22 December, "The pair remains constrained at the 200-day SMA rising into the 143.00 handle, and the USD/JPY is down over six percent from November’s peak bids near 151.90.", "The USD/JPY set a new high for Friday at 142.66, stopping just short of the 50-hour Simple Moving Average (SMA) as the pair gets hung up on near-term resistance levels."

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