Friday, August 14, 2009

RBCCM: closing euro / yen below 135.34 will lead to further reduction

According to analyst RBC Capital Markets, the failure of pair euro / yen to close above 135.34 would mark the onset of Bear trend, resulting in a pair may be reduced to levels of 132.81 and 130.85. The Bank believes that such movement can trigger the growth trends in the care of the risk and lead to a decline in the stock and commodity markets. At this time, a pair of Euro / yen traded at 135.94.

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