(Bloomberg) -- The dollar may rise to a 4 1/2-year
high of 124.13 against the yen should it close above so-called
resistance at 123.24 today, said Masashi Hashimoto, a currency
analyst at Bank of Tokyo-Mitsubishi UFJ Ltd.
``A New York closing price above that resistance would pave
the way for the dollar's advance to 124.13 next week,'' Hashimoto
said, citing charts that predict currency movements.
Read more at Bloomberg Currencies News
high of 124.13 against the yen should it close above so-called
resistance at 123.24 today, said Masashi Hashimoto, a currency
analyst at Bank of Tokyo-Mitsubishi UFJ Ltd.
``A New York closing price above that resistance would pave
the way for the dollar's advance to 124.13 next week,'' Hashimoto
said, citing charts that predict currency movements.
Read more at Bloomberg Currencies News
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