Dollar May Advance to 8-Week High Versus Yen: Technical Analysis
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The dollar may rise to an eight-week high against the yen, according to the Bank of Tokyo-Mitsubishi UFJ Ltd., citing trading patterns.
The greenback was at 78.81 yen as of 10:34 a.m. in Tokyo, close to the upper end of its daily Bollinger band at 78.86. The currency also traded near the higher end of its ichimoku-cloud at 78.90.