The Yen's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the COT Matrix for subscribers.
A subscription key allows you to track the Yen's focused bull opportunity through the Matrix. The Matrix is an affordable, weekly publication that tracks price, leverage, and sentiment to define focus bull and bear opportunities of 33 major markets. See Understanding the Matrix or contact us for further details.
The Yen's focused bull opportunity has produced an impressive 18% annualized gain for the bulls since the first week of February (see FXY Matrix). This opp recorded a whopping 426% annualized return after the second week of February. Disciplined bulls that booked partial profits and reduced risk from July to August are letting their profits run while keeping an eye on TIME.
Smart money, a small minority listening to the message of the market, recognizes the decay of TIME as BuST rises above 0 and approaches 2. BrST = 1.7 has the bulls preparing for a reversal while the majority remains blindly bullish.
A weekly close above the September 2014 gap from 93.04 to 93.53 supports the up impulse, while a close below the May gap from 89.38 to 90.05 could reverse it. A reversal favors testing of lower support.
On Balance Volume (OBV), a crude measure of trend energy, suggests distribution since April. Distribution favors the bears until reversed.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.