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Takeaway: We shorted the Yen (FXY) at 3:05PM at $100.81.

The gong show in Tokyo didn’t disappear overnight. We are witnessing a big time immediate-term TRADE overbought signal here in Burning Yen. Its bearish remains TREND intact. Short it. Short it again. Short it with impunity.

Trade of the Day: FXY - FXY