Dollar May Reach 94 Yen, Most Since May ’10: Technical Analysis
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The dollar may advance to 94 yen, the strongest since May 2010, after a short-term setback this week, UBS AG said, citing trading patterns.
UBS plans to buy dollars at 86.70 yen, which is above the 38 percent retracement of the greenback’s recent rally, Richard Adcock, a foreign-exchange and fixed-income technical strategist in London, wrote in a note dated yesterday.