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Japanese Yen Futures Volatility Forecast (01/02/2011)

The last week we said to be moderately bullish on Japanese Yen and that we were expecting the volatility to remain stable and effectively so it was.

The Japanese Yen futures touched 121.83 on Friday and managed to remain stable in the 121 area. The current volatility is 0.5% (7.9% annualised) and the fact that the TGARCH curve is now downward sloping could imply that the market is ready to rally once again.

The volatility is still very stable and it should remain like this even in the upcoming days meaning that Japanese Yen futures could touch the 122 – 122.5 area by the end of the week.

The staff of HyperVolatility advises you to remain bullish on Yen futures because higher returns should be gained over the next trading days.

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