Mizuho expects weakening of the dollar / yen

Pair dollar / yen was unable to hold above the 90.00 level, while, say currency analysts Mizuho, the technical picture shows the dominance of the downtrend of the dollar. The bank continues to expect a cautious test of key supports in the area between the levels of 87.00 and 85.00 (minimum 1995). Such a prediction strategy has been a part of an overall trend weakening U.S. currency, which, according to Mizuho, will prevail until the end of this year and possibly longer, while the slower will be weakened, the longer it will be. At the moment pair dollar / yen is trading at 89.80.