The Yen is now re-testing the Bank Of Japan Intervention Level. I’m now playing this by buying the Inverse ETF YCS. Essentially, I’m making a bet that the Bank Of Japan will not let the Japanese Yen appreciate to far above the previous intervention level. I’m using the Bank Of Japan as a put. There will be extreme pressure to push through this level because of the major threat of the Japanese Bank intervening in markets to suppress the value of the Yen. I’m now long the ETF YCS.

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