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Eye on Yen


Tuesday May 22nd, 2012
Eye on Yen
by Mike Paulenoff www.MPTrader.com

Negative macro fundamentals once again have bit the entrenched holders of long Yen (short USD/YEN) in the rear end. My near, intermediate, and longer term chart work indicate that going forward, the derriere's of Yen bulls will continue to experience pain. If the ProShares UltraShort Yen (YCS) pulls back a bit in the next day or so, I will attempt to add to our long model portfolio position.

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