Dollar Weakens Against Yen

04/14/2009 4:35 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst


The dollar's rally versus the yen appears to have failed below the 61.8% resistance level. The lower close today should suggest a further dollar decline as the RSI formed a bearish divergence at the recent highs. Downside targets at 94.50-96 and a break of support at 92.50 will indicate a test of the lows.

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