Japanese Yen, YCS and UCO Update

 

Here's a look at the Japanese yen, running up against resistance of the past three years:

YCS is the ProShares UltraShort Yen ETF, which provides a 2x inverse multiple to the daily performance of the yen spot price against the US dollar as measured by Reuters. 

We'll buy YCS if it rises to $60.10 or above, and if we end up holding it we'll place a stop-loss at $58.90 in an attempt to limit risk to roughly 2% while the upside is considerably greater. 

YCS last traded at $59.50

We've entered UCO at $9.19, per our previous posting.  Pending future updates, we'll close out the position should Crude Oil WTI trade below $39




 

 

 

 

 



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