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Has The YEN Reached Downside Exhaustion vs. The USD?


Tuesday April 14th, 2015
Has The YEN Reached Downside Exhaustion vs. The USD?
by Mike Paulenoff www.MPTrader.com

Both my daily and weekly chart work are warning me that the massive advance in USD/JPY is peaking, and in fact, is nearing a rollover into a significant correction-- in to the 114.00-112.00 initial/optimal target zone.

It is with the foregoing in mind that I enter a four week long Call Option position (FXY) in the YEN.

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