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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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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