Bank of Tokyo Mitsubishi UFJ sees the risks of lowering the dollar / yen

According to analysts Bank of Tokyo Mitsubishi UFJ, within two weeks of the U.S. dollar may decline against the yen to a four-month minimum at 92.50 after a pair of support at 95.52 Breaks, which is a minimum of 17 June. The fact that the third day, the dollar remained below the 5-day moving average at 95.92, also signals the possibility of further lowering the American currency against the yen. Currency analysts say the bank that the dollar fell below 200-day moving average at 96.14, which means the likelihood of continuing decline. Next support is at 93.86 (a minimum of 22 May). If the pair dollar / yen will not be able to hold above this level, the U.S. dollar could decline to about 92.50 marks. Indicators for the daytime schedules, such as the 14-day RSI and MACD (convergence / divergence of sliding average), also indicate a negative trend of the dollar against the yen. At this time, a pair of dollar / yen trading at around 95.45.