(VIANEWS) – USD/CNH (USDCNH) has been up by 1.27% for the last 5 sessions. At 09:13 EST on Wednesday, 10 April, USD/CNH (USDCNH) is $7.25.
USD/CNH’s yearly highs and lows, it’s 0.268% up from its 52-week low and 0.041% down from its 52-week high.
News about
- Usd/jpy analysis: uptrend until Japanese intervention – 08 April 2024. According to DailyForex on Monday, 8 April, "The USD/JPY exchange rate seems to be under temporary downward pressure following the tough comments from Bank of Japan Governor Kazuo Ueda, which suggest the possibility of higher interest rate hikes. ", "As we expected, the overall trend for the USD/JPY pair remains bullish as long as there is a clear contrast between the future of the US Federal Reserve’s tight policy, supported by positive results of important US economic data, and the Bank of Japan, which still hesitates to tighten fully. "
- According to FXStreet on Tuesday, 9 April, "The US Dollar (USD), on the other hand, draws support from elevated US Treasury bond yields, bolstered by expectations that the Federal Reserve (Fed) may delay cutting interest rates, which further acts as a tailwind for the USD/JPY pair. ", "Moreover, oscillators on the daily chart are holding in the positive territory and are still away from being in the overbought zone, suggesting that the path of least resistance for the USD/JPY pair is to the upside. "
- According to FXStreet on Monday, 8 April, "The resultant widening of the US-Japan rate differential further weighs on the JPY, which assists the USD/JPY pair to build on Friday’s bounce from over a two-week low and climb back closer to a multi-decade high.", "The USD/JPY pair might then slide to the 149.35-149.30 region en route to the 149.00 mark."
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