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Bullish Moving Average Cross by CurrencyShares Japanese Yen Trust (FXY)

By David Diaz

Today, shares of CurrencyShares Japanese Yen Trust (NYSE:FXY) have crossed bullishly above their 10-day moving average of $95.12 on a volume of 105K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

CurrencyShares Japanese Yen Trust share prices have moved between a 52-week high of $96.29 and a 52-week low of $77.19 and are now trading 24% above that low price at $95.62 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in CurrencyShares Japanese Yen Trust. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CurrencyShares Japanese Yen Trust in search of a potential trend change.

Keywords: moving crosses currencyshares japanese yen trust

Ticker(s): FXY