There has been a new spread trade started in Japanese Yen ETF FXY. The cost of the trade is $0.85 before fees and commissions. The target price of the trade is $2.00. Stop prices have been marked and are ready to go. This is the second trade in FXY this year (link to other trade can be found by here). Some reasons for the trade are below.
- FXY possibly hitting resistance at $86.00
- North Korea starting to rumble
- US administration complaining about value of dollar
- Japanese economic data being released this week
**
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