(VIANEWS) – USD/CNH (USDCNH) is currently on bearish momentum. At 19:06 EST on Sunday, 19 June, USD/CNH (USDCNH) is at 6.7088, 1.02% down since the last session’s close.

USD/CNH (USDCNH) Range

Concerning USD/CNH’s daily highs and lows, it’s 0.612% up from its trailing 7 days low of $6.67 and 1.065% down from its trailing 7 days high of $6.78.

USD/CNH’s yearly highs and lows, it’s 0.009% up from its 52-week low and 0.051% 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 overbought (>=80).

News about USD/JPY

  • Usd/jpy seesaws around 134.00 on boj’s status-quo, kuroda, fed’s powell eyed. According to FXStreet on Friday, 17 June, "It’s worth noting that the US dollar rebound and market’s indecision also favored the USD/JPY bulls of late.", "In doing so, the USD/JPY pair extends the early Asian session rebound from the weekly low to reverse the week’s losses and poke 134.50 level, around 134.25 by the press time."
  • Usd/jpy price analysis: bulls approach 133.60 hurdle ahead of BOJ. According to FXStreet on Friday, 17 June, "Also, the Bank of Japan (BOJ) is likely to keep its easy-money policy untouched and may add strength to the USD/JPY upside.", "Given the RSI rebound from the oversold territory, coupled with the receding bearish bias of the MACD, the USD/JPY prices are likely to defend the latest recovery."
  • Usd/jpy price analysis: bears looking to seize control below 200-hour sma, 23.6% fibo.. According to FXStreet on Thursday, 16 June, "This, along with some repositioning trade ahead of the Bank of Japan meeting on Friday, forced investors to lighten their bearish bets around the JPY and exerted heavy downward pressure on the USD/JPY pair.", "This makes it prudent to wait for some follow-through selling below the 132.30 zone before confirming that the USD/JPY pair has formed a near-term top and positioning for deeper losses. "
  • Usd/jpy holds steady near daily high, around mid-134.00s amid renewed USD buying. According to FXStreet on Thursday, 16 June, "This, in turn, supports prospects for a further appreciating move for the USD/JPY pair, though a combination of factors might hold back bulls from placing aggressive bets.", "In the meantime, the US macro data – Philly Fed Manufacturing Index and the usual Weekly Initial Jobless Claims – should provide some impetus to the USD/JPY pair."
  • Usd/jpy technical analysis: general trend is still bullish – 16 June 2022. According to DailyForex on Thursday, 16 June, "According to the technical analysis: USD/JPY has formed higher bottoms and higher tops on the hourly chart, creating a bullish channel pattern that may hold even after the FOMC decision. ", "In this case, USD/JPY could bounce back to the top of the channel around 136.00 or the important mid-channel area at 135.50."

More news about USD/CNH (USDCNH).

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