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TMCNet:  CurrencyShares Japanese Yen Trust Falls 3.43% on Heavy Volume: Watch For Potential Rebound

[April 04, 2013]

CurrencyShares Japanese Yen Trust Falls 3.43% on Heavy Volume: Watch For Potential Rebound

Apr 04, 2013 (SmarTrend(R) News Watch via COMTEX) -- CurrencyShares Japanese Yen Trust (NYSE:FXY) traded in a range yesterday that spanned from a low of $101.62 to a high of $102.58. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $104.60 on volume of 778,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of CurrencyShares Japanese Yen Trust have traded between a low of $101.57 and a high of $127.36 and are now at $101.80, which is 0% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in CurrencyShares Japanese Yen Trust. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CurrencyShares Japanese Yen Trust in search of a potential trend change.

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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