Trade of the Year Candidate: Yen Long?

There is so much hype going now with Abe and the BOJ that you just know the hedge fund boyz are all over it, momo’ing to the hilt.  Can they actually drive the Yen down to target off the H&S top?  The FXY fund targets 104 and if this could somehow be registered, right at a support level, a long or call options trade could be an excellent opportunity.  Even if just for a bull trade within a bigger picture bearish situation.

fxy

It’s hard to imagine the Yen heading straight down to target, since it is so over sold.  But if/when it gets there I want to have it on radar.

Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com.

Support free quality content; please disable AdBlock on Biiwii.com... and thank you!

Share on StockTwits

Add to SocialTrade