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YCS ProShares UltraShort Yen

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42.732
-0.568-1.31%

Trading Mar 6 13:50 ET

42.950High42.635Low

Senorita Earnings

Apr 25, 2024 08:34

Columns Exploring Causes Behind the Yen's Historic Low and Capitalizing on Investment Strategies Amidst Currency Volatility

On April 24th, local time, the Japanese yen hit a 34-year record low, with the USD/JPY exchange rate breaching the 155 mark. The sustained weakening of the yen has both surprised and surpassed market forecasts in terms of duration and magnitude. What are the core reasons driving this phenomenon? What is the state of Japan's economy in light of these events, and which investment pros...

SpyderCall

Jan 1, 2024 23:32

Yen Futures are At a Major Inflection Point

$Japanese Yen Futures(MAR5) (6Jmain.US)$
Short-Term Rally in the Yen
The yen has been on a big rally for over a month now. This is mostly due to the expectation that the Fed will stop cutting interest rates. Ueda also hinted towards the idea of increasing interest rates in his previous comments. This would add strength to the yen. But I won't believe it until I actually see it.
Forex Machanics
There are a few variables that could affect the path of yen ...

SpyderCall: Is It Finally Going to Happen?

SpyderCall

Sep 11, 2023 00:22

Big Japanese Yen News

$Japanese Yen Futures(MAR5) (6Jmain.US)$
Macro Update
Over the weekend, the Bank of Japan Governor Kazuo Ueda said that the central bank could end its negative interest rate policy when the 2% inflation target is sustainability achieved. He added that the BOJ could have enough data by the end of the year to determine whether it can proceed with policy changes.
Yen futures are reacting strongly to start off the week in japanese bond and forex markets. The yen has taken a beati...

Teach and Learn Together here!

71446197

Dec 21, 2022 20:27

Question

$Proshares Ultra Yen (YCL.US)$ $USD/JPY (USDJPY.FX)$ $ProShares UltraShort Yen (YCS.US)$
Does anyone know if the change in the Proshares leveraged funds account for overnight price fluctuations, or does it only account for change during normal/premarket trading hours?
Just viewing the charts it appears that they don’t. But at the time I’m using the MooMoo mobile app and it’s hard to be sure it’s accurate as my PC often shows more detail.

SpyderCall

Dec 19, 2022 22:44

The Bank of Japan Announces that They Will Adjust Their Yield Curve Controll Policy

What to Buy
The Japanese recently ended its long-term downtrend. This news coming from the BOJ is going to give the yen further strength. If the yen is going up then you want to buy the yen through these two ticker symbols: $Japanese Yen Trust (FXY.US)$ and $Proshares Ultra Yen (YCL.US)$. If you don't believe in this yen strength then short the yen through this ticker symbol: $ProShares UltraShort Yen (YCS.US)$
The ...

Broader Market Technical Picture | The Trends are Changing!

From YouTube

SpyderCall

Oct 22, 2022 17:42

Columns Complexities of the Global Market Machine

$Japanese Yen Futures(MAR5) (6Jmain.US)$
The Japanese Yen experienced a very bullish day Last Friday. One of the most bullish days it has had in quite some time. This was caused by news headline coming from the Bank of Japan. The BOJ is going to intervene in the FX markets to support the japanese yen. This strengthened the yen big time by creating artificial demand for the yen which added to the bearishness of the US dollar on Friday. All of the other...

Monthly Journal: Traders' Insights Wanted!

solo invest : Yea this barely affected the markets last month. I doubt investors will have any confidence in the BOJ with the central bank still stimulating the economy. I wonder if all of the other major currencies were rising just because of this catalyst as well. Like maybe this news brought down the dollar enough to cause the momentum to bring up the other currencies. I mean i cant point out why every other currency was ripping like crazy. It seems like it was simply because the dollar was dropping. Was japan the only catalyst? Or were there other Macro events or headlines that are not mentioned here? I didn’t see anything else myself. I’m just wondering… What do yo think of this post @iamiam??

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solo invest : Do you have an opinion on this one @Mcsnacks H Tupack? Do you follow forex?

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SpyderCall OP solo invest : good person to ask. I might not have noticed any other major forex news last friday. i didnt see anythin else

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iamiam solo invest : this is a fed pivot play. There were FED pivot rumors from a convenient WSJ article at 8am (the FED has entered lock down and they can't speak to refute the article). like the post says it came at a support level on the markets and resistance on the dollar and they broke the dollar as it was rallying (we were about to have a -300 nasdaq market day). My guess is the dollar now falls back to the 50MA. Could the article be legitimate? sure, but I wouldn't bet on it.

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solo invest iamiam : Agreed. If the dollar goes red then I dont think it will last that long. But who knows

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SpyderCall

Jul 24, 2022 21:29

Forex News

$Japanese Yen Trust (FXY.US)$ $Proshares Ultra Yen (YCL.US)$ $ProShares UltraShort Yen (YCS.US)$
so apparently the bank of Japan is appointing this guy that wrote the book on exiting monetary easing literally.
if everything goes as I predicted then soon the Euro and the yen should start getting bullish as the dollar starts getting more bearish.
I am waiting anxiously for these turnaround moments to get into some longer term investments in the currency space.
it was appearing like the dolla...

iamiam

Jun 14, 2022 05:29

Update June 14

It's been a busy week, no week ahead outlook, I had two made but couldn't finish either (busy making a straw bale garden) and ran out of time (I had to leave for work at 3am and didn't get home until almost 7). A lot has happened, the market fell hard (somehow I still expect a rally) Don't get me wrong iam NOT bullish, I just expect a bear rally*
*A bear rally, no matter what starts it (chicken or the egg- doesn't matter there is a chicken that lays eggs) is money traders and sho...

+13

07140918 : Nice analysis on major currencies! How u think about Chinese Yuan? Their central bank are doing what opposite to FED do right now

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102278988 : Noob here. Just wanna say I enjoy reading your posts. Keep it coming iamiam. Really appreciate it.

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Jason Jason8 : Do you think UVXY will rush upward

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iamiam OP 07140918 : that was one of my posts I didn't finish...
China is going about a recession in the opposite direction (the direction the us went in 2008) they are making money cheap and easy (also why chinese stocks went up). China will inflate their currency until it blows up and they either do or do not bail out their financial institutions that will determine their direction.
In reality the chinese were/are trying to wreck the economy enough so that when it collapses it doesnt fall very far they were/are trying to keep the wreckage to just the stock market and not real estate, banking and commodities. They are failing so far.
The scary thing is there is something that will solve most of their problems and I think they know it.
War- war forces commodity suppliers to ramp up production/hiring it allows the government to spend into debt and therefore bail out whatever needs bailed out all under the vail of a "unified" "right" or "greater good" while hiding their failings at the same time.
Sorry I'm sure that's not what you were after.

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iamiam OP Jason Jason8 : I think it ran too hot and should get a little pullback, but it could just have cooled off to run higher again

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