By Ewen Chew — May 02 - 03:10 AM
USD/CNH routed, falls to 7.2168 from 7.2321; last 7.2242
Bearish, as 55 DMA 7.2319 crumbles after 200 DMA break
Next stop is 38.2% Fibo, near 100 DMA 7.2082
USD/JPY coming off weighs on USD/AXJ broadly; last 155.36
Risk-on from 2.4% rally in HK stocks also boosts yuan
China mainland still closed for Labour Day break
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Source:
Refinitiv IFR Research/Market Commentary