FXY Forecast + Trading Strategies



Bearish<—>Bullish



80% Confidence




Bullish Case: FYX shows resilience with bullish sentiment; potential yield curve control adjustments by the BoJ could stimulate Yen's appreciation.




Bearish Case: Long-term downtrend, worsened by high bearish risk relative to bullish, indicates persistent depreciation aligned with historical data.




Potential Outcomes: 45% range-bound around $60; 35% chance of continued depreciation; 20% mild appreciation from macroeconomic shifts.




Trading Oracle: Engage in bullish long debit spreads by buying $60 calls, selling $62 calls expiring in 60 days. High call volume suggests potential, elevated IV and positive edge favor bullish stance. If volatility spike, sell $58 puts for leverage.



December 27, 2024


Invesco CurrencyShares Japanese Yen Forecast

FXY        Invesco CurrencyShares Japanese Yen











Correlated Assets

Assets that tend to move strongly with FXY



NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (0.7)


FXE Forecast + Options Trading Strategies   FXE  Invesco CurrencyShares Euro (0.67)


EPR Forecast + Options Trading Strategies   EPR  EPR Properties (0.64)


OPCH Forecast + Options Trading Strategies   OPCH  Option Care Health Inc. - Registered Shares (0.63)


WPC Forecast + Options Trading Strategies   WPC  W. P. Carey (0.6)



Uncorrelated Assets

Assets with little price relationship to FXY



ZION Forecast + Options Trading Strategies   ZION  Zions Bancorporation N.A (0.0)


SRRK Forecast + Options Trading Strategies   SRRK  Scholar Rock (-0.0)


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (-0.0)


UWM Forecast + Options Trading Strategies   UWM  ProShares Ultra Russell2000 (-0.01)


CINF Forecast + Options Trading Strategies   CINF  Cincinnati Financial (0.01)



Anticorrelated Assets

Assets that tend to move strongly against FXY



DNN Forecast + Options Trading Strategies   DNN  Denison Mines (-0.68)


SCHW Forecast + Options Trading Strategies   SCHW  Charles Schwab (-0.69)


UAN Forecast + Options Trading Strategies   UAN  CVR Partners (-0.7)


TMV Forecast + Options Trading Strategies   TMV  Direxion Daily 20+ Year Treasury Bear 3X Shares (-0.73)


DELL Forecast + Options Trading Strategies   DELL  Dell (-0.76)









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