(VIANEWS) – USD/CNH (USDCNH) has been up by 2.43% for the last 21 sessions. At 04:08 EST on Friday, 1 December, USD/CNH (USDCNH) is $7.14.
USD/CNH’s yearly highs and lows, it’s 0.055% up from its 52-week low and 0.055% down from its 52-week high.
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- According to FXStreet on Wednesday, 29 November, "Apart from this, a positive risk tone, which tends to undermine the safe-haven JPY, assists the USD/JPY pair to rebound over 50 pips from the Asian session trough, around 146.65 region, or its lowest level since September 12.", "This, in turn, suggests that the path of least resistance for the USD/JPY pair is to the downside and supports prospects for deeper losses. "
- According to FXStreet on Wednesday, 29 November, "The USD/JPY is holding steady just above the 147.00 handle after testing into an early Thursday low of 146.84 prior to the data release."
- Usd/jpy trading into 147.00 ahead of Japan retail trade, China pmis loom over asia markets. According to FXStreet on Wednesday, 29 November, "The USD/JPY drifted lower in the back half of Wednesday’s trading session after hitting an intraday peak just above 147.80. "
- According to FXStreet on Thursday, 30 November, "Meanwhile, the multi-month trough, around the 146.65 region touched on Wednesday, now seems to protect the immediate downside, below which the USD/JPY pair could accelerate the fall towards the 146.00 round figure. ", "From a technical perspective, the USD/JPY pair, so far, has been showing some resilience below the 100-day Simple Moving Average (SMA), warranting caution for bearish traders. "
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