Japanese Yen Futures & ETF FXY Update

by | Feb 20, 2020 | Currencies, ETFs, Premium

Yen appears to be accelerating lower after the minimal retrace made when I last updated this chart a few weeks ago. I’m assuming this is the early stages of (iii) of [v] or [c] down. Minor support being tested now at 0.008994 though I don’t think it will be very firm. Prefer lower targets at 0.008789 or 0.008643 before a more substantial bounce.

Japanese Yen via ETF FXY 2019-12-04

by | Dec 4, 2019 | Currencies, ETFs, Premium

Yen has dropped steadily from the wave (e) of a triangle target of 90.41. So far, no complaints as it has been on plan. FXY has tested support at 86.71 with the Lomb pulled down where it is forecasting a cycle low. The pattern is not crystal clear but could be a small...