Salient to Investors:
Teppei Ino at Mitsubishi UFJ said the dollar may rise to an eight-week high against the yen as the dollar-yen struggles with the upper limits of the Bollinger band and ichimoku cloud at around 79 – once above these levels, it’s likely to move to the middle of the 79-80 range. Ino said the dollar may advance to its 200-day moving average of 79.39.
Read the full article at http://www.bloomberg.com/news/2012-10-16/dollar-may-advance-to-8-week-high-versus-yen-technical-analysis.html