Has The YEN Reached Downside Exhaustion vs. The USD?

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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Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

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