Another View of the Global Reflationary Bounce…

Look at this chart. Does it not look similar to so many other bounce-a-thon participants right now?

Now read the symbol. It’s the Yen tracker flipped over. As the Yen has pulled back within an intermediate uptrend (and it’s inverse bounces within its downtrend) the other stuff has bounced. I just think it is interesting and another marker that is logical to this moment in time.

fxy, yen

Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Follow via Twitter @NFTRHgt or StockTwits.