{"id":52413,"date":"2016-05-02T08:29:50","date_gmt":"2016-05-02T12:29:50","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52413"},"modified":"2016-05-02T08:27:51","modified_gmt":"2016-05-02T12:27:51","slug":"dollar-may-drop-to-103-yen-before-bouncing-back","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2016\/dollar-may-drop-to-103-yen-before-bouncing-back.html","title":{"rendered":"Dollar May Drop To 103 Yen Before Bouncing Back"},"content":{"rendered":"<p>(Bloomberg) The dollar\u2019s tumble against the yen is driving it down so fast as to make it ripe for a sudden pullback, according to Tatsuhiro Iwashige, the chief foreign-exchange strategist of the investment solutions group at Tokyo-based hedge fund GCI Asset Management. Fibonacci analysis, a tool used by traders to find key turning points for currencies, shows a slump toward 103.40 is possible, but that such a move may take it toward the limits of its short-term gains. \u201cI wouldn\u2019t recommend selling dollars from current levels around 106 yen, which is the dollar\u2019s bottom this year,\u201d Iwashige said.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-05-02\/dollar-may-drop-to-103-yen-before-bouncing-back-gci-says-chart\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) The dollar\u2019s tumble against the yen is driving it down so fast as to make it ripe for a sudden pullback, according to Tatsuhiro Iwashige, the chief foreign-exchange strategist of the investment solutions group at Tokyo-based hedge fund GCI [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52413","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=52413"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52413\/revisions"}],"predecessor-version":[{"id":52414,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52413\/revisions\/52414"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}