Barcley's Capital: comment

[Femi]

Bullish traders for dollar/yen do not loose optimism, but failed to break up the level at Y89.00. Dealers spoke that it could make concerns among short position players. Currency strategist at Barclays Capital noted that there are generally causes for it, so a breakup of the level at Y89.10 may allow to talk about weakening pressure. While the greenback holds its course low against the yen, risks of rebounce down and test of a support at 87.95 would remain. A breakdown of the last level would be a signal for further fall to Y87.10 and Y86.80. (Barclay's Capital)

[jsraja]

Barclays Capital is a leading global investment bank. It is the investment banking division of Barclays plc which has a balance sheet of over £1.2 trillion (2008 BARCAP figures). Barclays Capital provides financing and risk management services to large companies, institutions and government clients.

[FXexpert]

Femi, are you the owner of the site? Thanks for this info.