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Japanese Yen Breakout

|Includes: Invesco CurrencyShares Japanese Yen Trust ETF (FXY)

There aren’t that many bullish charts out there but this is definitely one of them. FXY has broken out to all time highs according to Stockcharts as their chart only goes back to ’07. With today’s gap up it is officially overbought, but this may provide an opportunity to get back in sometime next week on a slight pullback.

Here are what the trade triangles are saying.

Weekly – Most recent buy trigger Mar 2nd

Monthly – Buy since April ’10

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