Market Overview

6.7% Return Seen to Date on SmarTrend CurrencyShares Japanese Yen Trust Call (FXY)

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SmarTrend identified an Uptrend for CurrencyShares Japanese Yen Trust (NYSE: FXY) on April 18, 2011 at $119.75. In approximately 3 months, CurrencyShares Japanese Yen Trust has returned 6.7% as of today's recent price of $127.83.

In the past 52 weeks, shares of CurrencyShares Japanese Yen Trust have traded between a low of $112.59 and a high of $126.88 and are now at $127.83, which is 14% above that low price.

CurrencyShares Japanese Yen Trust is currently above its 50-day moving average of $122.98 and above its 200-day moving average of $120.76. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of CurrencyShares Japanese Yen Trust shares.

Write to Chip Brian at cbrian@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

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