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Aug 03 - 08:55 PM
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USD/JPY - USD/CNH Descent Slows As FX Markets Heed USD/JPY Bounce
By Ewen Chew — Aug 03 - 07:33 PM
• USD/CNH rebounded significantly late Mon to end 6.7581
• Broad USD recovery against Asia FX cued by USD/JPY bounce
• USD/CNH now at ceiling of Bollinger downtrend channel
• Tues close above 6.7585 would nullify bearish momentum
• Descent slowing for now, as yen intervention fears subside
• Trump says Iran talks underway but Iran denies
CNH
(Ewen Chew is a Reuters market analyst. The views expressed are
his own.)
Source:
London Stock Exchange Group | Thomson Reuters