Tuesday, February 5, 2013

Comments on Japanese Yen by @JimIurio

Comments on Japanese Yen by @JimIurioSocialTwist Tell-a-Friend



Attached is a daily chart of March Japanese Yen.

The move lower has been staggering, dramatic and probably appropriate.  However, moves like this never go on perpetually and the bear market rallies tend to be quick and vicious.  The 15% decline since Nov 9th has convinced me that it is time to take a low risk shot at the upside.  This is a stark deviation from my normal style and not sure I would expect sane people to follow me in.  If I was taking this shot (and i did) I would look at the JYH3 113 calls for 17 ticks...those calls have until March 8th to perform.  17 ticks (or $212.50) is the exposure for 1 JYH3 contract.

Jim

Disclaimer and Terms of Service

© Copyright 1998-2014, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, 11 N Green Street, Suite 4C, Chicago, IL 60607, Admin@HamzeiAnalytics.com (310) 306-1200. The information herein was obtained from sources which Hamzei Anlaytics, LLC believes are reliable, but we can not and do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Hamzei Analytics, LLC or its principals may already have invested or may from time to time invest in securities or commodities that are recommended or otherwise covered on this website. Neither Hamzei Analytics, LLC nor its principals intend to disclose the extent of any current holdings or future transactions with respect to any particular security or commodity. You should consider this possibility before investing in any security or commodity based upon statements and information contained in any report, post, comment or recommendation you receive from us. The content on this site is provided as general information only and should not be taken as investment or trading advice. Any action that you take as a result of information, analysis, or conclusion on this site is ultimately your responsibility. Always consult your financial adviser(s) before making any investment or trading decisions.