CurrencyShares Japanese Yen Trust is an exchange-traded fund incorporated in the USA. The Fund's objective is to reflect the price in USD of the Japanese Yen.
To consider some weakness the Yen and a possible double top on the FXY (inverse), $94.14 - $93.67 FXY needs to be taken out on both the daily and weekly count. Until then, the path of least resistance points to a trade up to $96.80 - $97.14. If there is going to be a trade in the second half of the year, it will be by getting a bit creative using the Yen as a trading vehicle.
