Citi on the future of the dollar / yen
Dollar / yen spends the first half of European trading within a narrow range. The nearest resistance is located a couple of Y76.60/70, and potentially to Y76.85/90. According to staff Citi, dollar / yen risk of falling back under pressure. They believe that the approaching end of the year have a positive effect on demand for the yen from Japanese exporters. Nevertheless, analysts say, it is likely that the dollar / yen will move in a downward trend in just a few days or even hours before the end of this year. Interest in buying a pair of felt Y76.10/05. Massive feet seen at the break Y75.90. Stronger support lies in Y75.60/50. The current dollar / yen Y76.32.
Dollar / yen spends the first half of European trading within a narrow range. The nearest resistance is located a couple of Y76.60/70, and potentially to Y76.85/90. According to staff Citi, dollar / yen risk of falling back under pressure. They believe that the approaching end of the year have a positive effect on demand for the yen from Japanese exporters. Nevertheless, analysts say, it is likely that the dollar / yen will move in a downward trend in just a few days or even hours before the end of this year. Interest in buying a pair of felt Y76.10/05. Massive feet seen at the break Y75.90. Stronger support lies in Y75.60/50. The current dollar / yen Y76.32.
