The Yen Could Gain Downward Speed
I've been pounding the table on my "short the yen" trade for a while, and it has done well for us. The good news is that the fun may be just about to begin. We'll focus on two ways to take advantage of this trade, first via the CurrencyShares Japanese Yen ETF (FXY), and then via the USDJPY currency pair.
Why is does the yen continue to weaken? Remember when the U.S. stock market kept rallying in anticipation of the Fed's QE3 announcement? The economic news was tepid, but stocks were consistently bid higher. The yen is in a similar situation, falling in anticipation of a big move from the Bank of Japan....456 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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