Mizuho prefer short positions on dollar / yen

On Monday, a pair of dollar / yen established a new three-up at 95.46. However, as noted in Mizuho, this increase occurred in the market situation, where the open positions in Futures is at its lowest level since 2003. Bank analysts still see a few signals of the formation of peaks, however, the couple is likely to stop before Fibonacci resistance near 95.40. As a trading strategy at the bank preferred to sell at the best price, reinforcing the position with confidence breakthrough 94.40; goal at 93.25, stop above 95.40. Now a pair of dollar / yen is at around 94.62.