Yen Breaking Down?

It's worth pointing out just how terrible the Yen has been performing recently.  As shown in the first chart below, the FXY ETF that tracks the currency has completely fallen out of bed over the last few weeks.

The big fall recently is threatening to break the very long-term uptrend that the Yen has been in for the last five years.  As shown below, FXY is getting very close to the bottom of its uptrend channel.  This could be a great buying opportunity if the uptrend holds, but a break below could spell doom.

  

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