Geopolitical headlines still present a risk to near-term upside for YCS. FXY is trading slightly higher on increased safe-haven demand after Russia said it has commenced military exercises near the Ukrainian border. [Yen in Play as Risk-Off Sentiment Rises]
“The news came after Ukrainian forces killed pro-Russian insurgents outside the city of Slovyansk as Ukraine tried to reclaim its eastern region,” the Wall Street Journal reported.
ProShares UltraShort Yen
ETF Trends editorial team contributed to this post.