The Yen Is Your Friend?

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.


The June Japanese Yen
(
JYM1 |
Quote |
Chart |
News |
PowerRating)
is pulling back after its recent sharp up
thrust. Look for a buying opportunity here.

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June bonds
(
USM1 |
Quote |
Chart |
News |
PowerRating)
, mentioned Thursday night, are still closing in on
their recent lows. For the nimble only, this still might
set up as a day trade if the market violates these lows and begins to
reverse back above them. In other words, a “Soup” trade.

Best of luck with
your trading on Tuesday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!

P.P.S. ENJOY YOUR HOLIDAY!

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