A couple of months ago I asked Trades - "How the hell did we miss this trend????" We should have been all over this trade when it broke 4.50. Probably thinking that there was no way it could go lower - but you know what they say about "thinking"!! Well... here's the proof.
As to the Yen - here we go again - some traders are calling for a reversal back down - but look at the frickin' chart!! It has bounced off the April - May floor the past 3 years.
I am trading options off of the ETF - FXY. I've got the June 119.00 call. I'm looking for a quick double - then I'll roll out further if it continues up.
I have a feeling that Nasty Gas will stay nasty for some time to come. But, then -that's just a gut feeling!