Tuesday, April 26, 2016

Japanese Yen JPY and ProShares UltraShort Yen (YCS)

Japanese government has decided that it will devalue the yen, whatever it takes.  Currently it 111 JPY to 1 dollar.  Japanese continue to issue more yen and reduce the interest to the unprecedented negative rate.  Goldman Sachs believe one day, within a year, JPY will collapse.

When it happens, YCS will be the tool to take advantage.  My very speculative forecast, buy it around $75, within 90 days, it will double. We'll see.

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