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 bear opportunity has produced an impressive 10% annualized gain for the bulls since the fourth week November (see FXY Matrix). Disciplined bulls that withdrew their initial investments in the first week of December are letting their profits run while keeping an eye on TIME and energy.
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 = -0.1 defines a trend approaching its cycle mid point. Rising bullish energy, a DI trend approaching 60% (concentrated accumulation), advises increasing risk-aversion for the bears.
A weekly close below the February gap from 83.10 to 83.32 supports the down impulse, while a close above the November gap from 89.40 to90.24 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.