Japanese Yen

Tuesday 19 May 2009

Position traders:

Buy Jun Yen, open stop, at 104.35

Yen is constructive on monthly and weekly charts.
18 May was an OKR, Outside Key Reversal day,
but there has been little downside follow-through.

The current correction is shallow, and if Yen is
able to overcome the OKR, it has room to the upside.

Use a 103.30 stop, if filled.