Will the Yen Return to Safe Haven Status
The Japanese Yen was once a major safe haven in the FX markets. Recently the US dollar is the only safe haven during the inflationary bear market we are in. But the Yen might catch some positive sentiment soon. Keep an eye on it.
The Yen's has been falling rapidly during this global market downturn. It is showing signs of a slowdown. It might be a good idea to watch for some possible exposure. Maybe some leveraged shares tagged to the Yen? $ProShares UltraShort Yen(YCS.US$ $Proshares Ultra Yen(YCL.US$ $Japanese Yen Trust(FXY.US$
The Yen's has been falling rapidly during this global market downturn. It is showing signs of a slowdown. It might be a good idea to watch for some possible exposure. Maybe some leveraged shares tagged to the Yen? $ProShares UltraShort Yen(YCS.US$ $Proshares Ultra Yen(YCL.US$ $Japanese Yen Trust(FXY.US$
Indicators point to trend weakness.
The Ichimoku Cloud indicator was literally made for forex. When the price passes below the cloud it is a major bearish signal for USD/JPY. If USD/JPY to drop then the Japanese yen will rise in value.
$ProShares UltraShort Yen(YCS.US$ $Proshares Ultra Yen(YCL.US$ $Japanese Yen Trust(FXY.US$ $Powershares Exchange Traded Fd Tst Db Us Dollar Index Bullish Fund Etf(UUP.US$ $USD(USDindex.FX$ $iShares 20+ Year Treasury Bond ETF(TLT.US$ $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $SPDR Dow Jones Industrial Average Trust(DIA.US$ $Crude Oil Futures(JUN4)(CLmain.US$ $SPDR Gold ETF(GLD.US$ $iShares Silver Trust(SLV.US$
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iamiam : be very weary here and I wouldn't hold overnight and definitely not long term. Japan is at a crux, they have to keep printing money (that's why the rapid drop) to maintain their 0 inflation policy. Japan is 100% full yield/currency control, and inflation destroys yield curves (obviously) they cant hold the Yen and their 10 yr bond at 0, so far they have sacrificed the Yen to keep the 10 yr rate low now they are flipping quicky to support the Yen, they are playing hot potato with their economy
this is unsustainable and not a new phenomenon, it has happened before in history and fails everytime. Remember the historic value timeline for ALL FIAT CURRENCY ends in 0!!!
SpyderCallOP iamiam: Good point. FIAT is only valuable because we say it is. Worthless paper with intrinsic value. Like toilet paper was more valuable than the one dollar bills people were probably wiping their asses with during the pandemic toilet paper shortage. That is FIAT for ya
SpyderCallOP iamiam: I wish i would have seen this happen in the past. I would have shorted all these crashing FIAT currencies. Experience is everything in the markets
solo invest iamiam: That proshares ultra short Japanese yen looks good until the yen turns around then we buy proshares ultra yen