Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

The Dollar is Breaking Down Against the Yen, too

Time to watch USD vs YEN, as it starts to break down from its Aug-Oct sideways (Bear Flag) congestion zone, towards a test of the Aug low at 116.15, which will complete a year-long top formation, and leave USD/YEN in a particularly-precarious technical position.

I remain long CurrencyShares Japanese Yen ETF (FXY) at 81.00 from Sept 1 (last is 81.70/75).

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!