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Apr 10 - 10:55 PM

USD/JPY - USD/CNH Subsides As USD/JPY Drops On Intervention Fears

By Ewen Chew  —  Apr 10 - 09:05 PM
  • USD/CNH subsides to 7.2604 from o/n high 7.2642

  • May avoid breaching key resistance near 7.2680

  • USD/AXJ gives up some post-US CPI gains due to USD/JPY

  • Strong jawboning by Japan spooks USD/JPY longs nT9N3ET01H

  • China inflation data due soon; cooling prices expected

  • US blacklists firms helping China get AI chips nL2N3GJ13K

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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