Riding the Yen rollercoaster on ETFs: FXY down 4%, massive, unheard of move

After the terrible earthquake last week, the Yen actually gained significantly, reaching new record highs. Last night, however, central banks around the wold coordinated a massive intervention that saw the currency go back to its original levels earlier in the week.

6 month chart:

5 day chart:

These charts are live 24 hours chart from INO (click here for 2 months free).

Investors can greatly benefit from these roller coaster moves by using the Japanese yen ETF, FXY. Please take a look at FXY in pre-market: -4.1%. This kind of move is unheard of.

We track all currency ETFs live here.