Tuesday, July 21, 2009

Barclays Capital raises the level of 94.90 in the key pair dollar / yen

Japanese investors have returned to the 3-day weekend and bought the yen, despite an increase in the prices of securities. Barclays Capital Currency strategists tend to bear the forecast, if the dollar / yen will hang below the recent maximum of 94.90. In this case, top-down goals are the levels of 93.25 and 91.70. If the pair will be able to perform daily closing above the level of 94.90, the analysts believe the bank, the dollar / yen will be in the range of 94.00 - 99.00. Now a pair of dollar / yen is at around 94.29.

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