Once Again USD is Poised for Upside Acceleration vs. YEN

USD/YEN is pushing up towards a test of its Aug high at 103.00, which if hurdled, should trigger upside acceleration that will revisit the 2014 high zone at 104.10-105.50, on the way to my optimal target zone of 108-110 thereafter.

At this juncture, only a decline that breaks 101.50 will compromise my bullish outlook for USD/YEN (YCS, ETF).

Our model portfolio is long ProShares UltraShort Yen (YCS) at 65.20 from May 21.

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