Thursday, July 16, 2009

Dollar / yen is increasing, but whether the trend continued?

On the stock markets there is a positive attitude on the background of exceeding the expectations of the United States and good earnings reports from U.S. companies. As a result, say analysts RBS, a pair of dollar / yen and yen crosses to grow. Good economic statistics from China contributed to the growth of interest in risky assets, but the news that the CIT, which is 20 th in the list of largest banks in the U.S. are unlikely to receive government support, could jeopardize the emerging trend. According to currency strategists Bank of Scotland, a pair of dollar / yen will remain in the range, with a tendency to increase. As a strategy analysts prefer to buy the bank down to the level of 93.20 for the purpose of 95.00 and a stop at 92.90. Now a pair of dollar / yen is at around 93.92.

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