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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

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