IvanLabrie

FXY: How long can the Yen carry trade last?

AMEX:FXY   GUGGENHEIM CURRENCYSHARES JAPANESE YEN TRUST
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.
Comment: Great reaction when the downtrend expired.
Comment: FXE should be a long once it sells off this week and FXY as well.
Comment: Time at mode timing is something eh...
Trade closed: target reached
Comment: I wonder if we'll see a downtrend in FXY soon. We've tested this level twice so far.
Can you plot and show the monthly FXY chart to see the monthly Time at Mode setup?
Reply
Sure thing.
+1 Reply
IvanLabrie PRO IvanLabrie
snapshot

It expired technically, will be interesting to monitor.
+1 Reply
IvanLabrie PRO IvanLabrie
And time expiration market the bottom!
+1 Reply
This is entirely valid, I think we will see a period of optimism in the stock market, and an USD rally.
+1 Reply
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