As the currency analysts Commerzbank, pair dollar / yen consolidated near the 55-day moving average, which takes place at 90.67. In the case of a break above this mark the next obstacle to the upward movement of the dollar / yen rate will be 91.90, where the 200-day moving average. Key resistance in the pair put the bank's strategy of long-term downtrend line from the highs in July 2007 at 92.55. The bank reminded that over two and a half years old couple kept below the long-term trend, so this level is crucial. Analysts say the bank, in a somewhat more long term, this resistance will be covered. Weekly closing pair above 92.55 will be the basis for significant growth in couples with a view at the level of 94.10, which is 23.6% Fibonacci Retracement after falling from the highs of 2007. At the moment pair dollar / yen is at around 90.67.
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