- Since March 24, 2020, the Invesco CurrencyShares Japanese Yen Trust has experienced a significant technical reversal and the fund is now higher by 5.4% since the beginning of the period.
- In our view, the region's underlying fundamental data support the outlook for continued gains and long-term macroeconomic uncertainties could help the Invesco CurrencyShares Japanese Yen Trust overcome resistance levels.
- From a technical chart perspective, we expect an upside break of near-term resistance levels at 90.70 to open the door for a later bullish move into the 93.30 region.
For further details see:
FXY: Macro Uncertainties Are Driving Gains