Thursday, July 2, 2009

Commerzbank predicts growth of dollar / yen

The pair dollar / yen continues to recover from the base of converging range 95.23 - 97.82. According to currency strategists Commerzbank, a couple preparing for testing of resistance 96.90, and 97.35, after which the dollar / yen is likely to pause in the vicinity of the upper border of the range at 97.82. However, analysts expect the bank that these levels will be passed, and the dollar / yen will continue to rise to the level of 98.90 in the event of a breakthrough which turned to a pair of 99.65 and 100.25. Now a pair of dollar / yen traded at 96.64.

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