jangseohee

FXY, could Yen trust make a comeback?

Long
AMEX:FXY   Invesco CurrencyShares Japanese Yen Trust
15
I am playing a guessing game, please advice me if i am wrong.
If yen trust has bottom based on my previous monthly chart and starting to consolidate like what is shown now ( descending triangle ) moving forward, then pple will have confidence in JPY soon and as a result JPY will strengthen, no?
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