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TDUX
Aug 05 - 08:55 PM

USD/JPY - USD/CNH Suppressed Alongside USD/JPY; China Counters US 

By Ewen Chew  —  Aug 05 - 07:38 PM

• USD/CNH remains suppressed, drifts down to 6.7477 early Thurs

• Ceiling of Bollinger downtrend channel shifts lower to 6.7544

• Last week's 40-mth low of 6.7422 within reach, amid tepid risk-on

• While USD/JPY also tightly restrained, most USD/AXJ bogged down

• China tightens drone exports in retaliation to US actions

• Iran, Oman progress on Hormuz transit talks
CNH


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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