11/4 Update on Yen FXY Spread Trade

The current Japanese Yen (symbol FXY) spread trade will continue into next week. The expectation is still that it will reach $2.00. Stop loss pricing has been implemented as the trade only has two weeks remaining. Some notes and a daily chart are below.

- Trade now in the money on the put side
- 2 Spinning Tops formed last week
- M formation likely forming
- Dollar strength continues
- Japanese Central Bank left rates alone





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