Monday, June 18, 2007

Dollar's Rise to 4 1/2-Year High Versus Yen to Stall, Daiwa's Kameoka Says

(Bloomberg) -- The dollar's rally to a 4 1/2-year
high against the yen may stall, according to a technical
indicator traders use to predict currency movements.

The dollar's 14-day relative strength index was 75.53
against the yen today. A level above 70 signals a reversal is
likely.


Read more at Bloomberg Currencies News

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