Wednesday, November 18, 2009

Barclays Capital: dollar / yen will continue to decline

Analysts said Barclays Capital, reducing yields on U.S. government bonds can not yet speak about the end of the downtrend dollar / yen from the October highs. The bank noted that the medium-and long-term charts indicate a further reduction couples. Bank strategists believe that the consolidation below 89.80 will be bearish signal and the basis for the development of a downward movement to a minimum on the October 88.00 and a minimum in 2009 to 87.15. At the moment the dollar / yen is trading at 89.37. A pair of rose to the level of Y89.43 against growth of euro / yen in the region Y133.90. Offer noted on the approach to Y89.60, located above the foot.

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