CurrencyShares Japanese Yen Trust: The Winning Streak Continues (FXY)

Shares of CurrencyShares Japanese Yen Trust FXY traded at a new 52-week high today of $129.26. Approximately 322,000 shares have traded hands today vs. average 30-day volume of 163,000 shares.

CurrencyShares Japanese Yen Trust is currently trading at $128.76, approximately 4.6% above its 50-day moving average of $123.13. SmarTrend will be monitoring shares of FXY to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.41% while the 200-day MA has remained constant.

In the past 52 weeks, shares of CurrencyShares Japanese Yen Trust have traded between a low of $112.59 and a high of $128.25 and are now at $128.86, which is 14% above that low price.

SmarTrend currently has shares of CurrencyShares Japanese Yen Trust in an Uptrend and issued the Uptrend alert on April 18, 2011 at $119.75. The stock has risen 7% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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