Dollar May Fall to 11-Month Low Against Yen: Technical Analysis

(Bloomberg) -- The dollar may decline to an 11- month low of about 87 yen, according to Tokai Tokyo Securities Co., citing trading patterns. The dollar is poised to keep weakening as it remains below its 5-, 20- and 90-day moving averages, said Yoh Nihei, a Tokyo- based trading group manager at Tokai Tokyo.

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