April 2008

In a continuing theme of diversify my cash holdings into currencies other than the $US, I used the opportunity of Yen correcting about 8% over the past 2 weeks to buy into FXY at $95.39. FXY, a CurrencyShares Yen Trust, is the easiest, lowest cost and most liquid instrument that I know of for virtually converting $US into Japanese Yen. FXY has current support at around $95 per trust share.

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