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Japanese Yen Futures Volatility Forecast (27/02/2011)

The Japanese Yen futures were expected to rise even more and our forecast, last week, suggested a price movement close to the 120.6 area but the market rallied to 122.4 making our analysis even more profitable.

The current volatility is 0.5% (7.9% annualised) and it seems that the TGARCH curve is now pretty stable and fluctuating within a narrow range.            Consequently, it is reasonable to believe that the next week will see a further rise in Japanese Yen futures prices which will probably touch the 123 area by Friday.

The staff of HyperVolatility will try to place some longs as the week starts even if there could be a very short term drop in the 122.2-122.3 zone. Overall, the price should jump back up, break through the 122.5 level and keep rising.

Be Careful!!! Many macroeconomics news will be released this week.

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