Saturday, December 19, 2009

BNP Paribas expects growth in the dollar / yen

As the currency analysts BNP Paribas, with today's increasing pair dollar / yen market got rid of the weak long positions in U.S. currency, clearing the way for strong players who can ensure the growth of dollar / yen to a maximum of 4 December at Y90.80. According to the Bank's strategy in the next couple to rise above this level, and then continue upward movement is the key to maximum 27 October Y92.35 - a breakthrough at this level will confirm the reversal of the downtrend. At the moment pair dollar / yen is trading at around Y90.44.

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