Citigroup recommends to sell the Australian dollar against the yen

Analysts say Citigroup, Australian dollar could fall below 70.00 for the first time since April on rising volatility. Volatility on three-month option on the dollar / yen is poised for growth, reaching almost ideal level of correction of 76.4%. The Bank recommends selling the Australian dollar against the yen, as the movement below the 70.00 more than likely. The position should be canceled if the couple would be strengthened to 78.85.