Derived Data That Drive Results
By Ewen Chew — May 01 - 07:35 PM
USD/CNH cracks 200 DMA support 7.2363, last 7.2350
Settles around next chart floor 55 DMA 7.2321 for now
USD/JPY plunge suggests Japan intervened in FX again
Sharp drop to as low as 153.00 tanks DXY, dents USD/AXJ
USD/JPY outweighs patient tone from FOMC nL1N3H31SH
Powell still sees possible rate cut but not soon
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Source:
Refinitiv IFR Research/Market Commentary
