Dollar Moving Average Signals Gain to 84 Yen: Technical Analysis
This article is for subscribers only.
The dollar may strengthen more than 5 percent against the yen after the U.S. currency exceeded its 200-day moving average, Morgan Stanley analysts said, citing trading patterns.
The dollar rose for an eighth day to 79.86 yen at 1:37 p.m. London time, the longest run of gains in seven years. The advance took it above the 200-day moving average, which was at