IvanLabrie

FXY: How long can the Yen carry trade last?

AMEX:FXY   CURRENCYSHARES JAPANESE YEN TRUST
a year ago
There's a monthly time at mode expiration in this instrument coming next month.
It's possible to see a reaction as carry trades get unwound, but it's not clear at what price yet.
The extreme target is not reached, but the time at mode one has been exceeded, and heading for 2x the projected range soon.
I think the dollar rally is about to hit its expiration date, regarding the Euro             and the Yen at least, but it can last at least one more month.
Looking at usdjpy             closely, and also monitoring the S&P500             , TLT             , Dax             , Nikkei and gold             .
These are very interesting times to be a trader!
Will update with more insights and potential trade setups as they come.

Good luck,

Ivan.
a year ago
Comment: Great reaction when the downtrend expired.
a year ago
Comment: FXE should be a long once it sells off this week and FXY as well.
11 months ago
Comment: Time at mode timing is something eh...
6 months ago
Trade closed: target reached
5 months ago
Comment: I wonder if we'll see a downtrend in FXY soon. We've tested this level twice so far.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).

Related Ideas

This is entirely valid, I think we will see a period of optimism in the stock market, and an USD rally.
+1 Reply
timwest PRO
a year ago
Can you plot and show the monthly FXY chart to see the monthly Time at Mode setup?
Reply
IvanLabrie PRO timwest
a year ago
Sure thing.
+1 Reply
IvanLabrie PRO IvanLabrie
a year ago
snapshot

It expired technically, will be interesting to monitor.
+1 Reply
IvanLabrie PRO IvanLabrie
a year ago
And time expiration market the bottom!
+1 Reply
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