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CurrencyShares Japanese Yen Trust Falls 1.04% on Heavy Volume: Watch For Potential Rebound
[January 11, 2013]

CurrencyShares Japanese Yen Trust Falls 1.04% on Heavy Volume: Watch For Potential Rebound

Jan 11, 2013 (SmarTrend(R) News Watch via COMTEX) -- CurrencyShares Japanese Yen Trust (NYSE:FXY) traded in a range yesterday that spanned from a low of $109.66 to a high of $110.33. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $111.00 on volume of 650,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

CurrencyShares Japanese Yen Trust share prices have moved between a 52-week high of $129.36 and the current low of $109.66 and are currently at $109.92 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of CurrencyShares Japanese Yen Trust on October 22nd, 2012 by issuing a Downtrend alert when the shares were trading at $122.90. Since that call, shares of CurrencyShares Japanese Yen Trust have fallen 9.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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