C.O.B.R.A. Buy Alert: A Trade With 40% Upside in Japanese Yen
In the past year, the yen has had a precipitous decline against the U.S. dollar. This decline has been reflected in the share price of FXY. But there are signs of changes in the Japanese view of monetary and fiscal policy that could presage a stronger yen. Using the C.O.B.R.A. system, Jim and Dan recommend a long position in this ETF that closely tracks the USD/JPY exchange rate and will make significant gains on a yen rally with its favorable current entry point.