USDCNH - LONG; BUY it up!!

6 Mar 2021

This is very likely a one-way move (up) here - as all previous examples would illustrate.
Most importantly, this is one of (if not "The") most lopsided FX (and debt, and credit, etc.) positioning currently on the entire Globe! (Everyone and everything is currently Net Short the Dollar vs. the Yuan!)
Ergo, as this move gets going (up) it is only likely to gain considerable speed.

7 Mar 2021

Not

Here are the Risk On/Off properties of this pair;