Commerzbank on the situation in the dollar / yen
During the American trade dollar / yen is getting closer to the historical minimum is selected and traded in Y76.16. However, employees Commerzbank sees the pair potential for recovery. According to technical analyst of the bank, Karen Jones, the couple is able to develop an upward movement until the 55-day moving average, which runs at Y77.50, and potentially to a minimum in mid-July Y78.45. Jones also does not exclude the probability of a scenario. In this case, the fall of the dollar / yen below the record low of Y75.94 can be a catalyst to further reduce the seventy-fifth figure, and then to Y73.74. The current dollar / yen Y76.17.
During the American trade dollar / yen is getting closer to the historical minimum is selected and traded in Y76.16. However, employees Commerzbank sees the pair potential for recovery. According to technical analyst of the bank, Karen Jones, the couple is able to develop an upward movement until the 55-day moving average, which runs at Y77.50, and potentially to a minimum in mid-July Y78.45. Jones also does not exclude the probability of a scenario. In this case, the fall of the dollar / yen below the record low of Y75.94 can be a catalyst to further reduce the seventy-fifth figure, and then to Y73.74. The current dollar / yen Y76.17.