(VIANEWS) – USD/CNH (USDCNH) has been up by 5.09% for the last 21 sessions. At 09:10 EST on Monday, 23 January, USD/CNH (USDCNH) is $6.79.
USD/CNH’s yearly highs and lows, it’s 0.41% up from its 52-week low and 0.003% down from its 52-week high.
- Usd/jpy traces upbeat options market signals to regain 130.00. According to FXStreet on Monday, 23 January, "Hence, the major options market players are bullish on the USD/JPY prices even if the pair is yet to portray a confirmatory rebound from the multi-day top."
- Usd/jpy bears eye 129.00 on boj minutes, focus on US gdp, tokyo inflation. According to FXStreet on Monday, 23 January, "Above all, a divergence in the market’s hopes of BoJ’s hawkish move and the Fed’s pause in the rate hikes seem to keep the USD/JPY bears hopeful.", "Moving on, Tokyo Consumer Price Index (CPI) and the fourth quarter (Q4) US Gross Domestic Product (GDP) will be crucial for the USD/JPY pair traders to watch for fresh clues."
- Usd/jpy holds to weekly gains near 130.00, high volatility to persist. According to FXStreet on Saturday, 21 January, "The USD/JPY moved off daily highs during the American session on Friday, pulling back under 130.00. ", "The trend in USD/JPY is still bearish, although it has been moving sideways during the last five days, in a wide range between the 127.50 area and the 20-day Simple Moving Average near 131.00. "
- Usd/jpy price analysis: sellers continue to lurk at 21dma. According to FXStreet on Monday, 23 January, "From a short-term technical perspective, USD/JPY is trading on the back, having faced rejection at the bearish 21-Daily Moving Average (DMA) a couple of times last week.", "All in all, the downside appears more compelling for the USD/JPY pair so long as it holds below the 21DMA hurdle."
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