CurrencyShares Japanese Yen Trust (FXY) PriceWatch Alert for February 9, 2010
Posted: Tuesday, February 09, 2010 8:46 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Japanese Yen Trust (PACF: FXY) closed yesterday at $111.07. So far FXY has hit a 52-week low of $98.48 and 52-week high of $115.40. FXY has been showing support around 110.88 and resistance in the 111.32 range. Technical indicators are Bullish. FXY appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 110 covered call for a net debit in the $107.17 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 3.51% downside protection and a 2.64% assigned return rate for a 7.41% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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