Comments and forex-analytics from FBS Brokerage Company - page 43
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MIG Bank: comments on USD/JPY
Analysts at MIG Bank still expect that the greenback will be able strengthen versus Japanese yen starting new bullish cycle.
For the pair USD/JPY to do this, it has to close above 82.00 and then rise above the post earthquake maximum of 83.30.
According to the bank, support for US currency is situated at 80.00 and 79.80 (Fibonacci level).
Deutsche Bank: USD/CHF will reverse upwards
Analysts at Deutsche Bank think that US dollar might have reached a bottom trading versus Swiss franc when it hit the record minimum of 0.8326 on June 7.
The specialists expect the downtrend for the pair USD/CHF to reverse upwards. In their view, the greenback will be experiencing the steady recovery during the next year.
According to the bank, US currency will rise to 0.9300 by the end of the third quarter and to 0.9800 by the end of 2011. The next year the pair may get above the parity climbing to 1.0500 in 12 months.