Thursday, January 7, 2010

Mizuho advised to pay attention to the weekly closing levels of the dollar / yen

According to currency analysts Mizuho, a week-long closure of the dollar / yen above the 95.00 mark will signal output pair from the mode of sales. Moreover, the note at the bank, in the event of a pair of models of "wedge", which is formed in April 2009, the closures could lead to a significant increase in the background cover short positions, with the dollar / yen may well find themselves back at 110.00. At the moment pair dollar / yen is trading at around 93.20.

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