USD/CNH pressures key 7.16 support – Société Générale

USD/CNH remains under pressure after surrendering its 50-DMA in May, with bearish momentum persisting. The pair is testing key support at 7.16, and a decisive break lower could open the door to deeper losses toward 7.13 and 7.10, Société Générale's FX analysts note.

The phase of downtrend may extend

"USD/CNH gave up the 50-DMA in May resulting in a steady decline. The down move tentatively stalled after carving out an interim low near 7.16. The pair is now challenging this support. If USD/CNH establishes below 7.16, the phase of downtrend may extend."

"Next objectives could be located at 7.13 and the ascending trend line drawn since 2023 at 7.10/7.09. Cross above the MA at 7.20/7.21 is crucial for confirming a short-term up move."

Jun 25, 2025

USD/JPY: Set to retest 144.50 before a more sustained recovery – UOB Group

There is a chance for US Dollar (USD) to retest 144.50 before a more sustained recovery can be expected. In the longer run, USD appears to have moved into a range trading phase between 143.50 and 146.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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Jun 25, 2025

USD/CNH: Any decline is unlikely to reach 7.1450 – UOB Group

Room for US Dollar (USD) to continue to edge lower against Chinese Yuan (CNH), but any decline is unlikely to reach 7.1450. In the longer run, there has been a tentative buildup in momentum; USD is likely to edge lower toward 7.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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