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Japanese Yen Trading Higher against US Dollar
Thursday, 04 February 2010 16:32 GMT  |  Written by David Rodriguez
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USDJPY – The ratio of long to short positions in the USDJPY stands at 1.98 as nearly 66% of traders are long. Yesterday, the ratio was at 1.40 as 58% of open positions were long. In detail, long positions are 16.0% higher than yesterday and 9.4% stronger since last week. Short positions are 17.9% lower than yesterday and 9.4% stronger since last week. Open interest is 1.8% stronger than yesterday and 13.1% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

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