78.30 was last months Dollar High in the Yen. This equates to a 127.79 (H) Futures low. A close above this area in USD/JPY ( below in the Futures) will set the Yen crosses on fire!
78.39 is the 200 day In CAD/JPY
Our game plan with this spread is to trade it via the Yen levels. Meaning, if we get anywhere near 128 in the (H) futures, we will buy 30% of our Yen Futures shorts in and immediately sell a commensurate # of long Canada Futures contracts.
Cash traders can pay for your trade anywhere just shy of the 200 day ( 7835 ish)
It pays to read YRA!!!…YraHarris.com Fyi..his last call was the Platinum..now up $200+ since he wrote about it the second week of Jan.
As always, I encourage you all to read him. He has one of the keenest eyes in the industry.
