One Strategy Wins for Yen Traders While Losses Pile Up Elsewhere
- Keltner Band uses average prices and recent highs and lows
- Strategy has outperformed by far, with most others in the red
Photographer: Tomohiro Ohsumi/Bloomberg
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Yen traders looking for an edge this year would have done well to focus on an obscure technical indicator that can help predict the direction of currencies based on their recent movements.
Since the start of the year, the clear winner of the 22 trading strategies featured on Bloomberg’s basic backtesting function has been the KBand, or Keltner Band.