Bullish Case: Despite historical downturns, FXY shows resilience with a slight positive Helium forecast and underestimated volatility, suggesting potential for short-term upside surprises accentuated by mean-reverting behavior.


Bearish Case: FXY's prolonged depreciative trajectory coupled with heightened bearish risk and consistent underperformance over the years strongly signals further declines, underscored by market skepticism.


Potential Outcomes:

1) 45% chance FXY moderately rebounds amid underestimated volatility,

2) 40% probability continues its downtrend reflecting historical patterns,

3) 15% possibility FXY remains flat, with minor fluctuations.


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April 24, 2024


Invesco CurrencyShares Japanese Yen Forecast

FXY        Invesco CurrencyShares Japanese Yen
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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Uncorrelated Stock Forecasts

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BJRI Forecast + Options Trading Strategies   BJRI  BJ's Restaurant (-0.0)


RXRX Forecast + Options Trading Strategies   RXRX  Recursion Pharmaceuticals (0.0)


XBI Forecast + Options Trading Strategies   XBI  SPDR Biotech (0.0)


W Forecast + Options Trading Strategies   W  Wayfair (0.0)


SIRI Forecast + Options Trading Strategies   SIRI  Sirius XM (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against FXY



FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (-0.85)


ACGL Forecast + Options Trading Strategies   ACGL  Arch (-0.85)


FTI Forecast + Options Trading Strategies   FTI  TechnipFMC (-0.86)


LBRT Forecast + Options Trading Strategies   LBRT  Liberty Oilfield Services (-0.87)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.97)





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